Tesco raises guidance following 'strong' sales and profit surge
Tesco has raised its full-year profit expectations as boss Ken Murphy said the grocer is “outperforming the market” amid a sales uplift and profit spike.
Tesco reported a 107% spike in pre-tax profit to £1.1bn in the 26 weeks to August 28, while adjusted retail operating profit rose 17% to £1.4bn, up 41% across the group to £1.5bn.
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