January 11, 2019 4 minutes

Tesco (LSE: TSCO) 3Q19 and Christmas Update: Strongest U.K. Christmas Growth for a Decade

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

In the core six-week Christmas period, Tesco U.K. saw strong comp growth of 2.2%, ahead of the consensus estimate of 1.4%.
Tesco reported U.K. comparable sales growth of 0.7% in 3Q19, slightly below consensus expectations of 1.0%, and below the 2.5% growth in the prior quarter.
In 3Q19, central Europe comps were down 3.0%, while comps for Asia declined 8.0%.

Please Login to read the full report. Not a member? To access this content for free, register for a free account.

This document was generated for