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Tesco sees sales rise again

Supermarket Tesco has seen a third consecutive quarter of rising sales, and the group says it is on track to reach its full-year profit target.

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Like-for-like sales grew 1 per cent, and in the UK they grew by 0.6 per cent, the company said.

Chief executive Dave Lewis said the firm had made “significant progress” in stabilising the business, reports The BBC.

Profit before tax fell 28 per cent to £71m due to one-off costs, but the group said it was on track to make £1.2bn in full-year annual operating profit.

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“Whilst the market is uncertain, we have made significant progress against the priorities we set out two years ago, stabilising the business and positioning us well for the future,” Mr Lewis said.

The company is recovering from an accounting scandal as well as recording a record lost last year.

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