Tesco UK same-store sales rose 1.8% in the latest quarter, according to a report from Retail Bulletin. The growth rate, however, marked a slowdown from the previous quarter’s performance, indicating a tempering of the retailer’s recent momentum.
Analysts attribute the deceleration to ongoing pressure on household budgets, with consumers shifting purchasing habits amid persistent inflation. Tesco’s market share remains robust, but the softer sales growth reflects broader challenges in the UK grocery sector.
The company has not issued a formal statement on the figures beyond the sales data. Investors will watch for further commentary on cost management and pricing strategy in the coming months as Tesco navigates a cautious consumer landscape.