Aldi

Tesco UK Lifts Profit Outlook Following Strong First Half

Tesco lifted its annual profit forecast after market share gains drove a 10% rise the first half, giving it momentum ahead of Christmas.

Ocado Retail has said it is prioritising customer growth after a strong third quarter helped lift its annual revenue guidance.

UK grocery inflation edged lower this month, data from Kantar showed on Tuesday, after rising for the first time in 18 months a month prior.

Aldi UK has reported a 16% rise in sales in Britain and Ireland to £17.9 billion in 2023, a year that saw grocery inflation peak at 17.5%.

Grocery inflation has increased slightly for the first time in 15 months as Dunnes Stores and Tesco lead the market, Kantar reported today.

UK grocery inflation has fallen this month to its lowest level since September 2021, data from market researcher Kantar showed on Tuesday.

Sainsburys reported a 3% rise in first-quarter underlying sales on Tuesday, despite weather-related weakness in non-food categories.

Total till sales in UK supermarkets slowed (+1.1%) in the last four weeks ending 15 June 2024 on wet weather, according to NIQ.

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