Tesco PLC Reports Sales Results for the Six Weeks and Nineteen Weeks Ended January 9, 2016
For the nineteen weeks, group like-for-like sales grew by 0.4%, reported increase for over four years. Total sales were in line with last year at constant rates, as the sales reduction from store closures slightly exceeded the contribution from new store openings. At actual rates, sales declined by (2.2)% reflecting the impact on translation to sterling of currency weakness, particularly in Europe.