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Strong sales show Tesco still growing
Published: 07 May, 2008
Page 4
Tesco's yearly results showed it is still growing successfully across the group, despite rumours that its US Fresh & Easy chain is failing to meet its potential.
Tesco's results for the 52 weeks ending 23rd February 2008 showed total sales were up 11.1% to £51.8bn, and underlying pre-tax profit was up 11.8% to £2.85bn.
Chief executive Terry Leahy acknowledged market conditions were "challenging", but said "the breadth of the group and the strength of our business model have enabled us to deliver another year of double-digit sales, profit and earnings per share growth". ?
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