Tesco Sales Hit by Weather and Tough Competition

FTSE 100 supermarket's sales up 0.2% in the quarter amid poor weather and competition from discounters and new entrants such as Morrisons and Amazon 

James Gard 13 June, 2019 | 10:36AM

Tesco

Competition is heating up among Britain's biggest supermarkets, as Morrisons and Amazon chose the day of Tesco's annual results to announce plans to expand their partnership. 

It came as Tesco (TSCO) reported a slowdown in sales growth in the three months to June as it battled bad weather and increasingly cost-conscious customers. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Amazon.com Inc2,890.30 USD0.00
BlackRock UK D Acc649.11 GBP0.37
Morrison (Wm) Supermarkets PLC185.35 GBP0.00
Ocado Group PLC2,000.00 GBP0.00
Tesco PLC221.50 GBP0.00

About Author

James Gard  is content editor for Morningstar.co.uk

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