Tesco It has increased its annual income expectations as it said that the good weather and efforts to keep its prices low in the competitive market had promoted trade.
The UK’s largest supermarket reported an increase in sales in the first half of the year.
The UK sales increased by 4.9%, such as with the same period of previous year, like.
The adjusted operating advantage of the group also increased by 1.6% to 1.67 billion pounds for half a year.
Tesco said it now expects an early earning for the entire year between £ 2.9 billion and £ 3.1 billion, which is from the previous guidance range between £ 2.7 billion and £ 3 billion.
The hot weather and shopkeepers who cashing at low prices helped offset the cost of investment of supermarkets in its limitations and in elevated commercial costs including high taxes.
Tesco CEO Ken Murphy said: “The steps we have taken to keep the prices low for customers have improved our price status relative to the market.
“Competitive intensity remains more and with constant pressure on the domestic budget, we are committed to ensure that customers get the best possible price by purchasing in Tesco.”