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Uploads at Tesco, which sells 7.9% more in its first fiscal quarter


Tesco It has risen 1.90% this Friday on the London Stock Exchange. The British food and retail giant celebrates a 7.9% increase in its sales 'like for like' in the first fiscal quarter.

The group's total sales have risen to £ 13.38 billion in the quarter ended May 30.

Of their income during that period, the UK and Ireland have contributed £ 12.21 billion, 8.2% more than in the same period of the previous fiscal year. Tesco has also pointed to the advancement of 9% of its online sales, which already represent 16% of the total.

Not everything has gone so well for Tesco Bank. The business unit expects to record operating losses of between £ 175 million and £ 200 million. For its part, Tesco foresees a cost increase for the entire group for the fiscal year 2021, of about £ 840 million more.

"In just five weeks, We have doubled our online capacity to help our most disadvantaged members and transformed our stores to comply with security measures."has defended the CEO of the group, Dave Lewis.


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