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Tesco raised its 2025 profit forecast to £2.9–3.1 billion on strong sales, price cuts, and rising demand for own-brand fresh food.
Tesco raised its full-year profit forecast to £2.9–3.1 billion, citing a 4.9% rise in UK sales and strong demand for own-brand fresh food, despite rising costs from national insurance and packaging taxes.
The company cut prices on 6,500 products by an average of 9%, boosting sales and customer volume.
CEO Ken Murphy urged the UK government to avoid additional burdens on grocers, calling for large retail stores to be excluded from higher business rates and advocating for a pro-growth Budget to support affordability and jobs amid ongoing cost-of-living pressures.
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Tesco elevó su pronóstico de ganancias para 2025 a £ 2.93.1 mil millones debido a las fuertes ventas, los recortes de precios y la creciente demanda de alimentos frescos de marca propia.