Tesco reported yet another set of improving results on Friday, as its turnaround strategy continues to take effect.
First-quarter sales rose 1.8 percent over the past three months, with total sales growing by 2.3 percent over the 13 week period.
In the UK and Ireland, same-store sales grew by 3.5 percent. Like-for-like sales at the recently-acquired Booker wholesale business jumped 14.3 percent.
“Our growth plans are on track and we are pleased with the momentum in the business,” chief executive Dave Lewis.
“We remain well-placed to serve our customers better and deliver on our medium-term financial ambitions.”
“We are delighted with initial progress on Booker, and are focused on delivering the synergy benefits that our merger brings.”
The group confirmed that its own-brand relaunch was going well, a plan put into place to combat competition from discounters like Lidl and Aldi.
The performance represents another improvement for Tesco, who after, reporting their worst results in history in 2014, launched a turnaround plan.
Tesco shares are currently trading up 2.12 percent at 255.10 (0842GMT).
