Tesco raises annual targets
The British group claims retail sales growth of 6.6% for its third accounting quarter (ended November 25), and 6% for its Christmas period (ended January 6), on a like-for-like basis, excluding VAT and petrol.
As a result, Tesco now expects full-year adjusted operating profit of around £2.75 billion, above its previous guidance range of £2.6 to £2.7 billion.
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