Data shared by Tesco in its Q1 performance update to 30 May provides the first public statement showing detail of the full impact of the pandemic emergency on the wholesaling channel, indicating the specific scale of the asymmetrical effects on retail versus foodservice business.  With total sales for the period boosted to 6.1% by the acquisition of Best Foods in March, Booker’s net like-for-like...

Tesco has released robust full year results for the year to 29 February 2020, together with an update on how it is supporting customers and colleagues through the Coronavirus (COVID-19) crisis. Headline results (actual exchange rates, 52 week change) Group sales: -0.7% to £56.5bn UK & Ireland sales: +0.1%, +0.2% LFL Tesco UK: -0.6%, -0.3% LFL Booker sales: +5.0%, +3.3% LFL Ce...

Tesco has delivered a solid performance in a challenging UK market and continued to progress major changes to its European and Asian operations. Headline LFL results     Q3: 13 weeks to 23 Nov   Christmas: 6 weeks to 4 Jan Combined: 19 weeks to 4 Jan UK -0.4 +0.1 -0.2 ROI +2.0 +1.9 ...