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flag Tesco raises 2025/26 profit forecast to £2.9–3.1 billion amid strong sales and price cuts.

flag Tesco has raised its full-year adjusted operating profit forecast for 2025/26 to £2.9 billion to £3.1 billion, up from £2.7 billion to £3.0 billion, citing strong first-half performance driven by favorable weather, competitive pricing, and increased customer demand. flag Like-for-like UK sales rose 4.9%, and adjusted operating profit reached £1.67 billion, slightly ahead of the prior year. flag Despite higher costs, including taxes and national insurance, the company maintained price cuts on 6,500 products and saw strong sales in its own-brand and premium lines. flag CEO Ken Murphy urged the UK government to avoid further burdens on supermarkets to preserve affordability.

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