Tesco has announced a 2.7% increase in like-for-like UK food sales in its first quarter trading results.
In the 13 weeks to 27 May 2017, overall like-for-like sales rose 2.3%, driven by strong food growth and in particular fresh food, which enjoyed volume growth of 1.6% - described by Tesco as “significant market outperformance”.
The grocery giant said it was working with its suppliers to protect customers from inflationary pressures. This has resulted in further price reductions on fresh food and healthy products.
Chief executive Dave Lewis said: “In tough market conditions, we have stayed true to our commitment to helping customers – working closely with our supplier partners to keep prices low.
“Customers have responded by doing more of their shopping with us and as a result we continue to grow volumes, particularly in fresh food.
“This is a good start to the year, with our sixth consecutive quarter of positive like-for-like sales growth across the group. We are confident in our plans to create long-term, sustainable value for our key stakeholders and to deliver on the ambitions we have set out.”
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