The UK’s biggest retailer said it made a pretax profit before exceptional items of £1.64bn in the year to 24 February as total group sales rose 2.8% to £57.5bn. Sales at established UK and Irish stores rose 2.4% in the final quarter, slightly ahead of the 2.2% expected by analysts. More people are choosing to shop at Tesco and our brand is stronger, as customers recognise improvements in both quality and value. Tesco is also testing selling 30 Booker products, such as catering-size bags of rice, on the shelves supermarkets, while Booker is adapting 30 Tesco products, such as ready-made mash, for wholesale to its thousands of convenience store clients. Online grocery sales rose 5% but non-food sank 11.3% online and 0.4% in established stores..

Source: The Guardian April 11, 2018 06:50 UTC