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flag Tesco leads UK supermarkets with 28.4% share, up year-on-year, despite profit warnings due to rising costs.

flag Tesco remains the UK’s top supermarket with a 28.4% market share, up from the previous year, according to Worldpanel by Numerator, as rivals Sainsbury’s and Asda lost ground. flag The company saw a 4.6% rise in group sales, driven by strong demand for own-brand and premium products, while its shares hit a more than ten-year high. flag Despite intense price competition, particularly from Asda’s recent cuts, Tesco continues to outperform, though it now expects to earn up to £400 million less in profit due to rising costs like wages, national insurance, and food prices. flag Retailers, including Tesco, are urging the government to limit additional tax increases amid persistent food inflation, as investors await the company’s half-year results for further insight.

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