Tesco, the British giant supermarket chain and multinational retailer reported first quarter earnings growth on Thursday reported, mainly fuelled by its UK and Irish businesses.
Group sales excluding VAT and fuel increased 2.3% to £16.826 billion ($22.37 billion) in the 13 weeks that ended on May 30. On a like-for-like basis, sales increased 1%.
Sales in Tesco's UK and Ireland business rose 2.8% to £13.438 billion, while like-for-like sales increased 1.8%. UK sales grew 2.4% to £12.600 billion, and Ireland sales rose 8.5% to £838 million.
Booker, Tesco's wholesale business, reported sales of £2.246 billion, down 2.7%, with like-for-like sales declining 3.2%.
In Central Europe, sales increased 8.3% to £1.142 billion. Like-for-like sales grew 0.8%.
