Tesco has said that good weather and their efforts to keep prices down has helped to boost their profits.
Tesco reported a rise in sales in the first half of the year and UK sales rose by 4.9% and adjusted operating profit increased by 1.6% 60 £1.67 billion in the first half of the year.
The UK’s largest supermarket are now expecting underlying earnings for the full year between £2.9 billion and £3.1 billion compared to the previous guidance range between £2.7 billion and £3 billion.
Tesco’s chief executive Ken Murphy said: “The steps we have taken to keep prices down for customers have improved our price position relative to the market.
“Competitive intensity remains high and with continued pressure on household budgets,, we remain committed to ensuring customers get the best possible value by shopping at Tesco.”
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