Britain's biggest retailer Tesco said it was unlikely to grow its profits this year as inflation continued to take a toll on its customers and suppliers, after it recorded a 6.3% drop in 2022-23
Expects inflation to moderate through the yearsaid it was unlikely to grow its profits this year as inflation continued to take a toll on its customers and suppliers, after it recorded a 6.3% drop in 2022/23.
Its sales rose 5.3% to 57.6 billion pounds in its 2022/23 financial year driven by UK inflation hitting a 40-year high of 11.
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