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Tesco reports £16.82bn group sales for first quarter

UK and Ireland sales rose to £13.43bn, up 1.8% LfL (2.6% at constant rates, 2.8% at actual rates), with two-year LfL growth of 7.0%.

Shubhendu Vimal June 19 2026

Tesco reported group sales of £16.82bn ($22.19bn) for the quarter ended 30 May 2026, up 1% like-for-like (LfL), with growth across the UK, Ireland and Central Europe.

UK and Ireland sales rose to £13.43bn, up 1.8% LfL (2.6% at constant rates, 2.8% at actual rates), with two-year LfL growth of 7%.

UK sales reached £12.60bn, up 1.8% LfL, while Irish sales rose to £838m, up 3.3% LfL.

UK food sales rose 2.6%, with fresh food up 3.6% and Finest, the retailer’s own-label product range, up 9%.

Online sales increased 8.9%, and Whoosh delivery was extended to 34 further large stores.

Tesco introduced more than 520 new and improved products, including over 220 Finest lines such as ready-to-drink cocktails, food-to-go breakfast options and a widened Fire Pit barbecue range.

UK fuel sales rose 19.5% to £1.74bn, taking total UK revenue, including fuel, to £14.34bn, up 3.7%.

Total sales in the Republic of Ireland rose 5.6% at constant currency (8.5% at actual rates), including new-store contributions.

Online sales rose 10.9%, and food sales increased 3.7%, with volume growth in fresh and packaged categories.

Tesco's wholesale arm Booker sales fell to £2.24bn, down 3.2% LfL, with 146 net new retailer partners added.

Core retail sales fell 1.5% LfL, reflecting a roughly 200 basis point impact from the August 2025 end of a lower-margin national account contract and a strong prior-year comparative aided by favourable weather.

Core catering sales fell 3.3% LfL, against a similarly strong prior-year period that included favourable weather and a later Easter.

Central Europe sales rose to £1.14bn, up 0.8% LfL (8.3% at actual rates), supported by food volume gains.

According to the retailer, all channels grew, including a 17.4% rise in online sales following extended delivery coverage and improved availability.

Tesco said the conflict in the Middle East continues to create uncertainty for customers. It continues to expect group adjusted operating profit of £3bn to £3.3bn for FY26/27, and free cash flow within its medium-term guidance range of £1.5bn to £2bn.

Tesco CEO Ken Murphy said: “I am pleased with our progress in the first quarter, with customer satisfaction up strongly and continued sales growth building on the exceptional performance we delivered last year.

"With the conflict in the Middle East creating ongoing uncertainty for many households, we remain focused on giving customers the very best combination of price, quality and service.”

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