Tesco Raises Profit Outlook Amid Robust Consumer Confidence

Tesco has increased its annual profit forecast, citing resilient consumer confidence despite geopolitical tensions. In the first six months, sales rose 2% to £33.8 billion, with underlying profit up 6.5% to £1.8 billion, driven by strong online sales and growth in its premium own-label range. While UK store sales increased slightly, Booker wholesale sales declined, and Tesco is utilizing artificial intelligence to improve efficiency and reduce costs.

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