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Tesco benefits from fulfilling its expectations after a strong Christmas market

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Tesco said Thursday that the annual profit from retail companies will be “slightly” the amount previously reflected at $ 2.5bn-2.6bn after conducting a Christmas-like trade with J Sainsbury.

Sales in the UK over the Christmas period rose 0.2 per cent last year, more than Citi projected on sales. For 19 weeks until January 8, he rode with the same amount.

Sales in Ireland peaked at Christmas but in the whole quarter where Booker stores registered a significant increase compared to weak figures last year, while many pubs and restaurants were banned by coronavirus.

Online sales were less than last year but more than 50 percent over the past two years, the company sends 1.2m records every week.

Profits at Tesco Bank are now expected to be between £ 160m and £ 200m against the previously predicted “£ 120m” after bad debts fell lower than previously predicted.

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