Sales

Dr James Fox investigates whether he should buy Tesco shares for his portfolio. The supermarket giant has seen sales surge, but will it continue?

I appreciate the firm has the resources to see an economic downturn through, but there are plenty of uncertainties in the coming months. But this is probably coming at the expense of margins. Sales have undoubtedly risen strongly in the lead up to Christmas. And amid that cost-of-living crisis, the big question is: how much of these costs can supermarkets pass on to their customers? With energy prices going sky high, these giant supermarkets are costing a fortune to heat up and to cool down. Tesco, the UK’s largest grocer by market share, saw sales rise by 6.5%.