Business
Tesco PLC Q1 22/23 Trading Statement
Tesco PLC Q1 22/23 Trading Statement.
About this update from Tesco Plc
[{"type":"text","content":"\n \n \n Q1 Trading Statement 22/23\n \n \n CONTINuing TO champion GREAT value for customers\n .\n \n \n \n \n \n Our sales performance (exc. VAT, exc. fuel) for the 13 weeks ended 28 May 2022 is detailed below. The three-year like-for-like (LFL) sales growth represents a comparison versus pre-pandemic performance in FY19/20.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Sales £m\n \n \n \n \n \n \n One-year LFL\n \n \n \n \n \n \n Three-year LFL1\n \n \n \n \n \n \n \n \n \n \n \n \n \n UK & ROI\n \n \n \n \n \n \n 12,596\n \n \n \n \n \n \n 1.5%\n \n \n \n \n \n \n 9.7%\n \n \n \n \n \n \n \n UK\n \n \n \n \n 9,879\n \n \n \n \n (1.5)%\n \n \n \n \n 8.1%\n \n \n \n \n \n \n ROI\n \n \n \n \n 612\n \n \n \n \n (2.4)%\n \n \n \n \n 10.1%\n \n \n \n \n \n \n Booker\n \n \n \n \n 2,105\n \n \n \n \n 19.4%\n \n \n \n \n 19.6%2\n \n \n \n \n \n \n \n Central Europe\n \n \n \n \n \n \n 976\n \n \n \n \n \n \n 9.0%\n \n \n \n \n \n \n 11.3%\n \n \n \n \n \n \n \n \n Group Retail\n \n \n \n \n \n \n 13,572\n \n \n \n \n \n \n 2.0%\n \n \n \n \n \n \n 9.9%\n \n \n \n \n \n \n \n \n \n \n \n \n \n UK: Ongoing support for customers in challenging times; further improvement in market share\n \n \n \n \n \n \n \n •\n \n \n \n \n Market share growth of +37bps3, outperforming on both value and volume\n \n \n \n \n \n \n •\n \n \n \n \n Overall distribution of Aldi Price Match and Low Everyday Prices products up c.19% YoY\n \n \n \n \n \n \n •\n \n \n \n \n Maintaining largest improvement in quality & value perception of any food retailer in the market vs pre-pandemic\n \n \n \n \n \n \n •\n \n \n \n \n YoY performance impacted by annualisation of lockdown last year, most notably in GM, clothing and online, partially offset by inflation\n \n \n \n \n \n \n \n ROI: Sales ahead of pre-pandemic levels, one-year performance reflects trading over lockdown last year\n \n \n \n \n \n \n \n •\n \n \n \n \n Market share growth +11bps YoY4; Brand NPS increased by +4 points YoY to 18\n \n \n \n \n \n \n •\n \n \n \n \n Sales decline due to lapping highest level of restrictions, which is partially offset by inflation\n \n \n \n \n \n \n \n Booker: Strong performance, particularly in Catering, reflects benefit of lapping lockdown and underlying bu...