Tesco Q3 group like-for-like sales growth 1.5%

Tesco has reported Q3 group like-for-like sales growth of 1.5%, and noted that LFL group sales in the six weeks to Jan. 7 were up 0.3%.

"We are very encouraged by the sustained strong progress that we are making across the Group," said CEO Dave Lewis in a statement.

"In the UK, we saw our eighth consecutive quarter of volume growth and delivered a third successful Christmas. Our fresh food ranges proved particularly popular, outperforming the market with great quality, innovative new products and even more affordable prices.

"Internationally, we have continued to focus on improving our offer for customers in challenging market conditions.

"We are well-placed against the plans we shared in October to become more competitive for customers, simpler for colleagues, and an even better partner for our suppliers, whilst creating long-term value for our shareholders."

In Q3, sales for UK & ROI were up 1.7%, LFL, with those for LFL international up 0.6%. For the Christmas period, UK & ROI sales were up 0.7%, LFL, and for international were down 1.2%.

"International like-for-like sales performance of (1.2)% reflects a particularly strong seasonal performance last year in addition to weaker consumer spending in Thailand," the company said.