Company Earnings UpdateTesco (LSE: TSCO) 1Q20 Trading Update: UK Comps Decelerate, Central Europe Sales Continue to Slide Coresight Research June 14, 2019 Executive Summary Tesco reported 1Q20 group sales of £13.98 billion, up 0.4% at constant exchange rates and as reported. Group comps were below consensus. The company’s UK same-store sales grew 0.4%, compared to 1.7% growth in the previous quarter and missing the consensus of 0.8%. Declining sales in Poland, store closures, fewer trading days and cooler weather across the region negatively impacted Central Europe sales. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Five Ways AI Is Being Used in Luxury Retailing—and What’s NextWeekly US and UK Store Openings and Closures Tracker 2025, Week 8: US Store Closures Exceed 3,000, Up 420% Year Over YearSector Focus: Home and Home-Improvement Shopping—Data GraphicThe Sentiment Split: Optimism at the Top, Strain at the Bottom; Plus, Social Commerce Shopping in Focus—US Consumer Survey Insights
