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Tesco Sales Disappoint as Wetter Weather Deters UK Shoppers

Tesco Sales Disappoint as Wetter Weather Deters UK Shoppers
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Tesco Sales Disappoint as Wetter Weather Deters UK Shoppers Tesco Plc’s sales rose less than expected in the fiscal first quarter as the UK’s biggest supermarket grapples with weaker consumer sentiment and a tough comparison with last year. Comparable sales in the UK were up 1.8% in the three months to May 30, Tesco said Thursday. Analysts had expected a gain of 2.7%.

Tesco Sales Disappoint as Wetter Weather Deters UK Shoppers Tesco Plc’s sales rose less than expected in the fiscal first quarter as the UK’s biggest supermarket grapples with weaker consumer sentiment and a tough comparison with last year. Comparable sales in the UK were up 1.8% in the three months to May 30, Tesco said Thursday. Analysts had expected a gain of 2.7%.
Tesco Sales (ORG) UK (LOCATION) Tesco Plc’s (ORG) Tesco (ORG)
Originally published by Bloomberg Markets Read original →