Key Takeaways:
Record Profits for Tesco
Tesco's profits have soared by 160% to the highest level in over a decade. The retailer attributes the increase to a return to sales growth, not just price hikes.
Response to Accusations
Unions accused Tesco of profiteering, but CEO Ken Murphy defended the company's competitiveness against discounters and rivals.
Investing in Customers
Tesco is returning £1.5 billion to investors, reducing prices on thousands of products, and offering bonuses to 20,000 staff members.
Market Share Growth
Despite challenges like inflation on certain products, Tesco is attracting shoppers with its premium Finest range, showing improving market share.
Did you miss our previous article…
https://hellofaread.com/money/cadbury-disappoints-fans-by-rejecting-return-of-axed-chocolate-bar/
