Tesco’s sales have risen both in the UK and overseas Tesco has reported a rise in third-quarter sales, saying it is “continuing to see evidence of a steady consumer recovery” in the UK.
Its like-for-like UK sales excluding petrol – which pulls out the impact of new store openings – rose 1.5% in the three months to 27 November.
Tesco’s overseas sales growth was stronger, increasing by 4.1% on the same measurement.
The supermarket giant said it was being helped by an improving global economy.
Tesco saw its biggest percentage sales growth in the US, where they rose by 9.8% on a like-for-like basis.
It said this was helped by a “particularly successful” Thanksgiving holiday period, and higher customer numbers.
While the rate of sales growth was stronger overseas, the UK remains by far the most important market for Tesco.
It currently has 2,482 British stores, which compares with 663 outlets in Thailand, its next largest national market.
In the US, Tesco has just 145 branches at present. Poland is its largest market on mainland Europe, with 336 shops.
Like-for-like sales in mainland Europe advanced by 3.6%, while those in Asia added 4.3%.
Tesco’s group-wide total sales – which includes stores that have opened during the past year – increased by 8.8%.
Chief executive Terry Leahy said: “Our continued investment in the shopping trip, and our new space opening programme across our markets, are giving us good sales momentum and market share gains.”
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