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TESCO (LSE: TSCO) 1Q18 Update: Sixth Consecutive Quarter of UK Comp Growth

Executive Summary

  • Tesco reported total group sales (ex fuel) of 3.6% in 1Q18, or 0.8% at constant exchange rates.
  • Tesco grew UK comparable sales by 2.3% in 1Q18, up from 0.7% in the prior quarter.
  • Group comps came in at 1.0% in 1Q18, up from 0.4% in 4Q17.

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