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Tesco Raises Annual Profit Forecast After Stronger Performance

By Drooid · Oct 8, 2026, 3:35 PM UTC · How we work

Summary

Story summary

Tesco raised its annual profit forecast to £3.15-£3.3 billion, citing stronger performance.
First-half sales rose 2% to £33.8 billion.
Underlying profit grew 6.5% to £1.8 billion in the same period.
Online sales climbed 8% and Finest range revenue jumped 9%.
Tesco tested an AI meal-planning assistant with 280,000 staff and launched it for customers in September.

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Story summary

Tesco raised its annual profit forecast to £3.15-£3.3 billion, citing stronger performance.
First-half sales rose 2% to £33.8 billion.
Underlying profit grew 6.5% to £1.8 billion in the same period.
Online sales climbed 8% and Finest range revenue jumped 9%.
Tesco tested an AI meal-planning assistant with 280,000 staff and launched it for customers in September.