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Story summary
- Tesco reported first-quarter like-for-like sales rose 1.8% to £13.4 bn, below the 2.3% forecast.
- Online sales grew 8.9% while total group sales increased 1% to £16.8 bn.
- Tesco kept its adjusted operating profit target for the year to February 2027 at £3.0-£3.3 bn.
- Shares fell 2.4% in early trading after the update.
- Booker wholesale sales declined 3.2% as orders from independent retailers and catering businesses slipped.
