Tesco lifts profit outlook as consumer confidence ‘resilient’
FROM THE PUBLISHER
Tesco has lifted its profit outlook after seeing a boost in online sales, as the UK’s largest supermarket said consumer confidence is proving “resilient” despite an “uncertain external backdrop”. The FTSE 100 grocer improved its lower-end operating profit target from £3bn to £3.15bn for the full year, leaving its top-end forecast at £3.3bn. Industry figures have warned that the Iran war is set to send food prices soaring into next year, but Tesco chief executive…
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