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1、 Q1 Trading Statement 2024/25 Serving our customers,communities and planet a little better every day.0 CONTINUED MOMENTUM GAINING MARKET SHARE&GROWING VOLUMES.Sales performance(exc.VAT,exc.fuel)for the 13 weeks ended 25 May 2024:Sales(m)LFL sales change UK&ROI 14,330 3.6%UK 11,368 4.6%ROI 731 4.4%Bo

2、oker 2,231(1.3)%Central Europe 975 0.6%Retail 15,305 3.4%Ken Murphy,Chief Executive:“Weve continued to build momentum in the business,with strong volume growth across the UK,Republic of Ireland and Central Europe supported by easing inflation.We continue to be the cheapest full-line grocer and are t

3、he most competitive weve ever been,with our value,product quality and service driving better brand perception and customer satisfaction.Our market share reflects this,growing more than at any other time in the past two years,with customers switching to us from other retailers,shopping with us more o

4、ften and with more in their baskets.We are looking forward to helping our customers celebrate a great summer of sport.We recently launched more than 100 new and exciting own brand products,including our Finest Dine In summer menu,based on classic pub dishes,and improved our Picnic&Deli,BBQ and Sweet

5、 Treat ranges.Tesco Finest growth was particularly strong in the quarter as customer perception of the quality of our products continues to improve.Following another strong quarter,were pleased to reiterate our guidance for the full year,with sales trends in line with our expectations and the busine

6、ss well-positioned for the months ahead.”Performance highlights1.UK:Strong market share performance and strengthening volumes Market share growing ahead of all key competitors,up+52bps to 27.6%2,supported by 15 consecutive periods of positive switching gains3 Food sales up+5.0%,including strong volu