Q3 2026 Tesco PLC Trading Statement Call Transcript

Jan 08, 2026 / 09:00AM GMT
Release Date Price: MXN63.87
Ken Murphy
Tesco PLC - Group Chief Executive Officer, Executive Director

Good morning everyone, and a very Happy New Year. Thank you for joining us today for our quarter three and Christmas trading update. As usual, I am here in [Wean] with Imran, and I will start with a brief overview of our performance before opening the line for your questions.

We are delighted with the way the customers have responded to our continued investments in value, quality and service. Group like for like sales grew by 2.9% over the 19 weeks, including 3.7% growth in the UK.

Customer satisfaction improved and our UK market share is at its highest level in more than a decade following 32 consecutive periods of gains.

We set ourselves a challenging plan for Christmas and we delivered in line with that plan. With over 2 billion products going through our tills and more than GBP6 billion of sales in the four weeks to Christmas Eve, our teams right across the group worked hard to deliver.

The outstanding service that customers have come to expect from Tesco. I would like to start the call

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