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13 January 2011
Last updated at 02:33 ET
Supermarket giant Tesco has reported modest UK sales growth over Christmas, saying it had been "hindered" by the severe winter weather.
Like-for-like sales excluding petrol, which strip out the effect of sales from new stores, rose 0.6% in the six weeks to 8 January from a year earlier.
Non-food sales had been "subdued" as snow and ice disrupted customers travelling to larger stores, it said.
The results follow strong figures from rivals Sainsbury's and Morrisons.
"Our performance remains solid but was hindered in the run up to the important Christmas trading period in the UK by the disruptive effects of the severe winter weather conditions," chief executive Sir Terry Leahy said.
However, the firm reported strong like-for-like sales of food in the UK, while its online business, Tesco Direct saw sales grow by 18%.
And there was continued growth overseas, with total international sales over the six-week period up by 14.2%. Sales rose by 24.2% in Asia, driven especially by Thailand and China.
In the US, total sales climbed by 36.9% at its Fresh & Easy convenience store business.
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Like-for-like sales excluding petrol, which strip out the effect of sales from new stores, rose 0.6% in the six weeks to 8 January from a year earlier.
Non-food sales had been "subdued" as snow and ice disrupted customers travelling to larger stores, it said.
The results follow strong figures from rivals Sainsbury's and Morrisons.
"Our performance remains solid but was hindered in the run up to the important Christmas trading period in the UK by the disruptive effects of the severe winter weather conditions," chief executive Sir Terry Leahy said.
However, the firm reported strong like-for-like sales of food in the UK, while its online business, Tesco Direct saw sales grow by 18%.
And there was continued growth overseas, with total international sales over the six-week period up by 14.2%. Sales rose by 24.2% in Asia, driven especially by Thailand and China.
In the US, total sales climbed by 36.9% at its Fresh & Easy convenience store business.
Webmaster Forum | SEO Forum | Coding Forum | Graphics Forum</b>