Tesco Q3 FY21 sales grow 7.9% to £19.6 bn

20 Jan '21

1 min read

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Tesco plc, a UK-based retailer company, has reported 7.9 per cent sales growth to £19.6 billion in its third quarter (Q3) of FY21 that ended on November 28, 2020. For the reported period, strong UK sales performance was sustained with like-for-like (LFL) growth of 6.7 per cent to £14.7 billion across all formats, channels and categories.

“Our focus on looking after our customers, including delivering record availability, robust safety measures and great value has enabled us to maintain strong momentum through the Christmas period, outperforming the market every week,” Ken Murphy, chief executive at Tesco, said in a press release.

Sales in ROI grew 11.7 per cent to £1.0 billion while Booker sales were up 15.1 per cent to £2.5 billion during Q3 FY21. Tesco completed the £8.2 billion sale of its businesses in Thailand and Malaysia on December 18, 2020.

“We delivered a record Christmas across all of our formats and channels. In response to unprecedented demand for online groceries, colleagues delivered over seven million orders containing more than 400 million individual items over the Christmas period,” Murphy said.

Fibre2Fashion News Desk (JL)

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