Tesco reported a 1.8% rise in UK like-for-like sales for its most recent quarter, but the growth rate has decelerated compared to the prior quarter, as reported by Retail Bulletin.
The slowdown reflects a broader trend in the UK grocery market as inflation eases and consumer spending adjusts. Tesco's performance remains ahead of many competitors, but the reduced pace signals a normalization after periods of stronger growth driven by higher prices.
Industry analysts note that while Tesco's market share remains robust, the softening sales trajectory may prompt the retailer to focus on volume growth and cost management in the coming months.