Tesco gorged on festive treats over Christmas, putting on millions of pounds in the process.
The coutry’s biggest supermarket beat analysts’ forecasts, serving up a 6.8 per per cent rise in sales at stores open at least a year over its festive trading period, which runs to January 6. The cherry at the top of a financially super sweet festive cake came via a £50m upgrade to its annual profit forecast.
The group highlighted demand for its Tesco Finest range of premium products – sales of those rose by a stunning 16.7 per cent – in its trading update which tells us that a substantial number of shoppers were able to put the brutal rise in the cost of food over the last couple of years to backs of their minds in favour of treating themselves over the festive period.
