The supermarket giant also improved its profit guidance on the back of ‘strong’ sales.
The boss of Tesco said the supermarket chain is “doing everything we can to drive down food bills” as it improved its profit guidance on the back of “strong” sales.
The company, which is the UK’s largest private employer, also signalled that food inflation would fall further after a slowdown during the past half-year. Meanwhile, adjusted operating profit grew by 14% to £1.48 billion across the group for the half-year. “This relentless focus on customers, combined with significant cost reductions from our ‘save to invest’ programme, has driven our strong performance in the first half of the year.
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