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Tesco hit a 14-year high in UK market share, driven by strong holiday sales and online growth, despite a slight profit miss.
Tesco achieved its highest UK market share in over a decade, reaching 29.4% in December, fueled by a 3.3% like-for-like sales rise across the UK and Ireland.
Strong holiday demand boosted its Finest range by 13% and party food by 22%, while online sales surged 11.2% during Christmas.
Despite a 2.1% sales drop in its Booker wholesale division, Tesco raised its annual profit forecast to the upper end of its £2.9 billion to £3.1 billion range.
The company is relaunching its blue-and-white value logo to counter discounters like Aldi, though shares fell 5.5% after missing market expectations.
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Tesco alcanzó un máximo de 14 años en la cuota de mercado del Reino Unido, impulsado por las fuertes ventas navideñas y el crecimiento en línea, a pesar de una leve pérdida de ganancias.