Tesco advised that pre-tax profit detonated to £562 million between March and August from £71 million a year earlier, with group sales advancing 3.3% during the half year to £25.2 billion. Sales Growth StuttersOne cannot but applaud the steps ex-Unilever man Lewis has taken to revive Tesco. Indeed, Tesco commented today that "market conditions have been challenging with inflationary pressure being felt throughout the half." These chains saw sales rise 15.6% and 19.2% during the 12 weeks to September 10th, according to Kantar Worldpanel. And increasing inflation could put see Tesco struggle to achieve its margin plans as more price cutting could be required to stave off a fresh sales collapse.

Source: Forbes October 04, 2017 14:20 UTC