Are Tesco Shares Still Worth Buying After Its Q1 Update?
The post Are Tesco Shares Still Worth Buying After Its Q1 Update? appeared on BitcoinEthereumNews.com.
Tesco Express, Sheffield (Photo by Mike Egerton/PA Images via Getty Images) PA Images via Getty Images Tesco shares (LON:TSCO) have had a relatively upbeat reaction over the past week on the back of a solid Q1 trading update. As the stock closes in on its 5-year high of 397p, this begs the question of whether the shares are still worth buying. Sunny Update Britain’s biggest supermarket had quite a stellar quarter, as group sales increased 3.7% to £17.85 billion. More promisingly, the company saw positive sales growth across all its retail divisions – the first time in more than a year. This strong momentum was primarily driven by Tesco’s UK and ROI divisions, where their collective sales rose by 5.4% to £15.39 billion. This was down to the grocer building further momentum in its UK (+0.44% to 28.0%) and ROI (+0.22% to 23.3%) market shares. Particularly, Tesco’s premium Finest line did magnificently well in the UK, with sales up an ever-impressive 18.0%, on top of last year’s already splendid 12.5%. Kantar UK & ROI Grocery Market Share John Choong Central Europe’s sales also finally turned positive, as sales grew 3.5% to £997 million. This came after a year that was bogged down by tough comps and unfavourable FX from a strong pound. Still, Q1 sales would’ve been higher had it not been for the same reasons, which pulled growth down from 5.8%. On the flip side, fuel sales continued to suffer with a 10.5% decrease to £1.47 billion, as petrol prices fell back to 2021 levels. That said, the biggest surprise was Tesco’s wholesale division at large, Booker. The arm recorded a 3.5% increment in sales to £2.31 billion, as its core retail (+5.4%) and core catering (+7.3%) sub-divisions outperformed, due to sunny weather encouraging more eating out activity. This…
Filed under: News - @ June 18, 2025 6:29 am