Company Earnings Update 4 minutesRegister for Free AccessTesco (LSE: TSCO) 1Q20 Trading Update: UK Comps Decelerate, Central Europe Sales Continue to Slide Coresight Research June 14, 2019 Executive Summary Tesco reported 1Q20 group sales of £13.98 billion, up 0.4% at constant exchange rates and as reported. Group comps were below consensus. The company’s UK same-store sales grew 0.4%, compared to 1.7% growth in the previous quarter and missing the consensus of 0.8%. Declining sales in Poland, store closures, fewer trading days and cooler weather across the region negatively impacted Central Europe sales. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Market Navigator: US CPG—Significant Growth Opportunities Amid a Dynamic LandscapeUS Store Tracker Extra, June 2023: Walgreens Adds 2 Million Square Feet to ClosuresChina Consumer Tracker: Multiple Categories Shift Toward E-Commerce, Away from In-Store PurchasingAugust 2023 UK Retail Sales: Surprising Discretionary Resilience Even as Grocery Volume Declines Continue
