'Tesco performs robustly in first quarter' - CEO

he same period last year.

Fresh & Easy maintained a positive sales momentum despite seeing a moderation in its like-for-like growth rate as it annualises three years of strong sales progress. The business continues to innovate, with the introduction of Meal Deals, the continued roll-out of the Express format and is now gearing up for its biggest ever change of range in a few weeks' time.

The extended migration slowed down the progress of Tesco Bank and has contributed to overall revenues being slightly down compared to last year, exacerbated by a more competitive car insurance market.

Outlook At this early stage of the year, we are performing in line with market expectations for the Group. The outlook for the year as a whole remains unchanged.

Tesco PLC