Its market share has increased for 19 consecutive periods and is now at 28.5%, its highest level since January 2016, according to Kantar.
Tesco’s market share has increased for 19 consecutive periods and is now at 28.5%, its highest level since January 2016, according to Kantar.
Tesco’s shares traded lower on Thursday morning, possibly because it didn’t upgrade its full-year profit guidance.
Nevertheless, Tesco’s shares have outperformed over the past 12 months.
It trades at 13.5 times forward earnings compared with rivals such as Marks and Spencer and J Sainsbury, which are on about 12 times, according to FactSet numbers.

The 1990s are back in fashion – happily for Tesco