LONDON Jan 12 Britain's biggest retailer Tesco
reported a 0.7 percent rise in underlying Christmas
sales in its home market, capping a year of recovery with a
solid performance over the key festive period.
Tesco, which like Sainsbury's, Asda and
Morrisons have been battling with the rise of German
discounters Aldi and Lidl, said underlying sales in its UK
stores rose 0.7 percent in the six weeks to Jan. 7.
That compares to analyst forecasts of growth of 0.3 to 1.5
Trading over Christmas built on like-for-like sales growth
of 1.8 percent for the 13 weeks to Nov. 26, Tesco's fiscal third
quarter, that was also reported on Thursday. Analysts had
forecast like-for-like sales growth of 1.25 to 2 percent for the
The group reiterated its outlook for the full year.
(Reporting by James Davey and Kate Holton; editing by Guy