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| Tesco enjoys record festive sales | Tesco enjoys record festive sales |
| (1 day later) | |
| Supermarket giant Tesco has said it enjoyed a "successful" Christmas, with strong growth and record sales. | Supermarket giant Tesco has said it enjoyed a "successful" Christmas, with strong growth and record sales. |
| Excluding petrol, like-for-like UK sales - which ignore the impact of new store openings - rose by 5.9% in the six weeks to 6 January. | Excluding petrol, like-for-like UK sales - which ignore the impact of new store openings - rose by 5.9% in the six weeks to 6 January. |
| Sales were driven by organic foods and Tesco's premium "Finest" range. | Sales were driven by organic foods and Tesco's premium "Finest" range. |
| The increase was at the top end of expectations and comes after rivals such as Sainsbury's and Morrisons have also reported record festive sales. | The increase was at the top end of expectations and comes after rivals such as Sainsbury's and Morrisons have also reported record festive sales. |
| Net gains | Net gains |
| Tesco said sales of its organic foods were up by 39%, while its "Finest" ranges saw meat and poultry sales increase by more than 55%. | Tesco said sales of its organic foods were up by 39%, while its "Finest" ranges saw meat and poultry sales increase by more than 55%. |
| It appears that Tesco can do little wrong at the moment Richard HunterAnalyst class="" href="http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/3/23225/intraday.stm">Check Tesco's share price class="" href="/1/hi/business/6257331.stm">Tesco: Not just about food | |
| It also said that it enjoyed a record year in sales of many non-food goods, such as toys and games, electronics and clothing. | It also said that it enjoyed a record year in sales of many non-food goods, such as toys and games, electronics and clothing. |
| Tesco's internet business also experienced strong growth, with total sales up by more than 30% to over £150m. The firm said its grocery team delivered more than 14 million items in its busiest Christmas week to date. | Tesco's internet business also experienced strong growth, with total sales up by more than 30% to over £150m. The firm said its grocery team delivered more than 14 million items in its busiest Christmas week to date. |
| The retailer added that its overseas businesses also traded well over Christmas and New Year, with international sales up by 15.8%. | The retailer added that its overseas businesses also traded well over Christmas and New Year, with international sales up by 15.8%. |
| Total group sales at Tesco - excluding petrol - were up by 9.9% over the period. Including petrol, group sales rose 9.5%. | Total group sales at Tesco - excluding petrol - were up by 9.9% over the period. Including petrol, group sales rose 9.5%. |
| The head of UK Equities at Hargreaves Lansdown Stockbrokers, Richard Hunter, said: "It appears that Tesco can do little wrong at the moment." | The head of UK Equities at Hargreaves Lansdown Stockbrokers, Richard Hunter, said: "It appears that Tesco can do little wrong at the moment." |
| "For most investors, Tesco remains the darling of the sector." | "For most investors, Tesco remains the darling of the sector." |
| According to industry experts TNS, Tesco increased its share of the UK market over the holiday period. | According to industry experts TNS, Tesco increased its share of the UK market over the holiday period. |
| TNS said Tesco had a 31.4% share of all sales through UK supermarkets in the 12 weeks ending 31 December. | TNS said Tesco had a 31.4% share of all sales through UK supermarkets in the 12 weeks ending 31 December. |