Tesco Posts 8th Consecutive Quarter Of Sales Growth

UK retailer Tesco reported group like-for-like sales grew 1.5 percent and UK like-for-like sales rising 1.8 percent in the third quarter, covering the 13-week period ending November 26, 2016. According to the company, the quarter is the eighth consecutive quarter of like-for-like sales growth. For the six-week Christmas sales period, which ended on January 7, 2017, group like-for-like sales grew 0.3 percent, with UK like-for-like sales expanding 0.7 percent.