By Elena VardonTesco said its sales increased over the first quarter of fiscal 2025, driven by strong volume growth as inflation eased, and maintained its outlook for the year. The U.K.'s largest grocer by market share on Friday posted 15.305 billion pounds ($19.53 billion) in group retail sales excluding value-added tax and fuel for the 13 weeks ended May 25. Like-for-like group retail sales grew 3.4% over the period, it said. Sales in the U.K. rose 4.6% on a like-for-like basis in the quarter, and edged up 0.6% in central Europe. Write to Elena Vardon at elena.vardon@wsj.com(END) Dow Jones NewswiresJune 14, 2024 02:29 ET (06:29 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal June 14, 2024 12:31 UTC