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Tesco Soars 3.2% in Christmas Sales, Asda Plummets

1/8/2026

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Story summary
  • Tesco PLC reported a 3.2% rise in UK sales during Christmas, lifting its market share to a decade-high.
  • It also raised its full-year profit forecast to £2.9–£3.1 billion.
  • Marks and Spencer Group plc saw food sales rise 5.6% but clothing fell 2.9% amid lower foot traffic and a cyber-attack.
  • Asda Stores Ltd posted a 6.5% sales drop, the biggest among UK supermarkets.