Tesco like-for-like sales performance in the United Kingdom (UK) 2015-2024
In the 2023/24 financial year, Tesco’s like-for-like sales in the United Kingdom and the Republic of Ireland decreased in every quarter. The fourth quarter of the financial year saw the smallest increase in sales at 5.8 percent. Tesco’s overall revenue for the UK and ROI amounted to over 60 billion British pounds in 2022/23.
Like-for-like sales
Like-for-like sales are also referred to as comparable store sales. The growth metric is adjusted so that it includes revenues generated in stores or by selling products with similar characteristics. Distinct differences that could skew the comparison.
Tesco PLC is the leading UK grocery store (by market share). The company from Hertfordshire was founded in 1919 by Jack Cohen.
Tesco’s stores
Tesco is a multinational-operating grocery and general merchandise retailer and operates almost five thousand stores around the world. Of these outlets about 4,160 can be found in the UK and ROI, which are operated by roughly 309,000 employees.