Tesco reports 7.6% interim sales rise

Supermarket chain Tesco posted its interim results for 2020/21 showing sales for the UK stood at £19.5m, a rise of 7.6% in like-for-likes.

This period saw major shifts in customer buying habits in the UK with food sales up 9.2%, clothing down by 17.2%, and general merchandise down by 0.3%.

Online delivery capacity more than doubled to reach 1.5m slots a week, including serving 674,000 vulnerable customers.

For the group's subsidiary, Booker sales came to £3.5m, an uplift of 2.2% in like-for-likes. Retail sales were up 22%, and catering sales fell by 12% - an improvement from 1Q driven by doubling of market share and benefit of Best Food Logistics.

Ken Murphy, Chief Executive, said, “The first half of this year has tested our business in ways we had never imagined, and our colleagues have risen brilliantly to every challenge, acting in the best interests of our customers and local communities throughout.

'I would like to thank all our colleagues for their amazing contribution and I am delighted and proud to be part of such an incredible team.

'We are absolutely committed to continuing to invest in value for customers and safety for all in these uncertain times.

'Tesco is a great business with many strategic advantages. I'm excited by the range of opportunities we have to use those advantages to create further value for our customers and, in doing so, create value for all of our other stakeholders.”