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Tesco Reports Strong Sales Growth In 2016/2017

April 12, 2017: 12:00 AM EST
UK retailer Tesco reported group sales rose 4.3 percent to ₤49.9 billion for fiscal year 2016-2017. According to the company, like-for-like sales in the UK grew 0.9 percent, its first reported full-year growth since FY 2009/2010, and 1 percent across the group. Group operating profit before exceptional items jumped 30 percent to ₤1.28 billion. Group operating margin improved from 1.8 percent to 2.3 percent.
"Tesco Preliminary Results 2016/17", Tesco, April 12, 2017, © Tescoplc.com
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