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Tesco Maintains Full-Year Outlook as Q1 Sales Rise 4.6% Amid Competitive Market

by Team Lumida
June 12, 2025
in Markets
Reading Time: 4 mins read
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Key Takeaways:

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  • Tesco reported group sales of £16.38 billion $22.19 billion) for the 13 weeks ending May 24, a 4.6% like-for-like increase.
  • U.K. sales rose 5.1% on a like-for-like basis, while central European sales grew 4.1%.
  • The company maintained its full-year adjusted operating profit guidance of £2.7 billion to £3.0 billion, down from £3.13 billion in fiscal 2025.
  • Tesco continues to gain market share despite fierce competition and rising costs, including increased payroll taxes and national insurance contributions.

What Happened?

Tesco, the U.K.’s largest supermarket chain, posted a 4.6% rise in like-for-like group sales for its first quarter, driven by strong performance in its home market and central Europe. U.K. sales grew 5.1%, while central European sales increased 4.1%, reflecting the company’s ability to navigate a highly competitive grocery sector.

Despite rising costs, including higher employer payroll taxes and national insurance contributions introduced in October, Tesco maintained its full-year adjusted operating profit guidance of £2.7 billion to £3.0 billion. This is slightly below the £3.13 billion reported for fiscal 2025.

The company attributed its performance to continued market-share gains, even as the U.K. grocery sector faces intense competition and cost pressures.


Why It Matters?

Tesco’s ability to grow sales and maintain its profit outlook highlights its resilience in a challenging retail environment. The U.K. grocery sector is grappling with rising costs, including higher wages and taxes, as well as fierce competition from discount retailers and online platforms.

By gaining market share, Tesco demonstrates its competitive strength and ability to attract customers despite these headwinds. However, the company’s lower profit guidance reflects the ongoing pressure of increased operating costs, which could weigh on margins in the coming quarters.

Tesco’s performance is also a key indicator of consumer spending trends in the U.K., as rising living costs and economic uncertainty continue to impact household budgets.


What’s Next?

Tesco will focus on maintaining its market-share gains while managing cost pressures to meet its full-year profit targets. The company’s ability to navigate rising payroll taxes and other expenses will be critical to sustaining its financial performance.

Investors will closely monitor Tesco’s performance in the coming quarters, particularly its ability to balance growth with cost management. The competitive landscape in the U.K. grocery sector will also remain a key factor, as rivals continue to vie for market share.

Additionally, broader economic conditions, including inflation and consumer spending trends, will play a significant role in shaping Tesco’s outlook for the rest of the fiscal year.


Source
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018