Total revenue for the UK’s largest supermarket, which proved to be a pandemic winner by gaining a share of competitors and boosting online sales, rose 6% to 61 61.3 billion as pre-tax profits rose from 1.1 billion. billion £ in 2.2 billion year by the end of February 26th. However, the company warned of “significant uncertainties” facing the business, including whether customers’ buying behavior would change as the country moves away from the coronavirus pandemic, cost inflation and investment to keep prices low. economic operators such as Aldi and Lidl. . On Wednesday, the National Statistics Office revealed that inflation hit a three-decade high of 7% last month and could reach a four-decade high of 10% by the end of the year. Subscribe to the daily Business Today email or follow the Guardian Business on Twitter at @BusinessDesk Ken Murphy, CEO of Tesco, said: “Over the past year, we have provided strong performance across the group, increasing our share of every segment of our business. “Obviously, the external environment has become more difficult in recent months. In a difficult environment for our customers and with budgets of households under pressure, we focus on keeping the cost of the weekly store under control – working closely with our suppliers as well as doing what we can to reduce our costs. » As a result of market uncertainty, Tesco has raised its profit forecast for this year to between 2, 2.4 billion and 6 2.6 billion – less than the 84 2.84 billion analysts had forecast.
