Business
Q3 & Christmas Trading Statement 2025/26
Tesco PLC reported strong trading results for the third quarter and Christmas period, with group like-for-like sales increasing by 3.1% in Q3 and 2.4% over the Christmas period, resulting in a 2.9% rise for the combined 19 weeks. The UK saw like-for-like sales growth of 3.9% in Q3 and 3.2% at Christmas, contributing to the highest UK market share in over a decade. Online sales grew by 11.2%, and the company now expects full-year adjusted operating profit to be at the upper end of its £2.9bn to £3.1bn guidance range. Disclaimer*
About this update from Tesco Plc
[{"type":"text","content":"\n\n\nQ3 AND CHRISTMAS TRADING STATEMENT 2025/26.\nLike-for-like sales (exc. VAT, exc. Fuel)\nQ3 covers the 13 weeks to 22 November 2025 and Christmas covers the 6 weeks to 3 January 2026\n\n\n\n\n\n\n\nQ3\n\n\n+\n\n\nChristmas\n\n\n=\n\n\n19 weeks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n- UK\n\n\n+3.9%\n\n\n\n\n\n+3.2%\n\n\n\n\n\n+3.7%\n\n\n\n\n- ROI\n\n\n+5.0%\n\n\n\n\n\n+3.8%\n\n\n\n\n\n+4.6%\n\n\n\n\nUK & ROI\n\n\n+4.0%\n\n\n \n\n\n+3.3%\n\n\n \n\n\n+3.8%\n\n\n\n\nBooker\n\n\n(0.9)%\n\n\n \n\n\n(2.1)%\n\n\n \n\n\n(1.3)%\n\n\n\n\nCentral Europe\n\n\n+1.2%\n\n\n \n\n\n+0.8%\n\n\n \n\n\n+1.0%\n\n\n\n\nGroup\n\n\n+3.1%\n\n\n \n\n\n+2.4%\n\n\n \n\n\n+2.9%\n\n\n\n\n \nKen Murphy, Chief Executive:\n\"I am delighted with the strong Christmas we delivered for our customers. Our investments in value, quality and service drove further gains in customer satisfaction and strong growth in fresh food, contributing to our highest UK market share in over a decade.\nIn addition to further strengthening our price position, we launched 340 new and improved own-brand Christmas products including 180 in Finest, which once again delivered double-digit sales growth. We also recruited 28,500 additional colleagues for the festive period and offered an extra 100,000 online delivery slots in the week before Christmas, enabled by AI-powered scheduling tools developed by our technology and logistics teams. Online sales grew double-digit and Whoosh also performed strongly, with more than 250,000 new customers over the period.\nCompetition is as intense as ever and we know value remains a priority for customers. We are determined to help customers make their money go further, and earlier this week expanded our Everyday Low Prices commitment to over 3,000 branded products, sitting alongside Aldi Price Match on more than 650 lines and thousands of exclusive offers through Clubcard Prices.\nI would like to thank all our colleagues for the exceptional service they have given to our customers over this important period; this has been a real team effort. We are well positioned for the year ahead and remain committed to ensuring customers get the best possible value by shopping at Tesco.\"\n\nPerformance highlights1.\nUK: Highest market share for over a decade, driven by investments across the shoppi...