date:Jun 04, 2013
Analysts are forecasting sales to have fallen 0.5 to 1 percent at British stores open more than a year, excluding fuel and VAT sales tax, for the 13 weeks to May 25, according to a Reuters poll.
That would be a reversal of the rise of 0.5 percent in the fourth quarter of the previous financial year, which was Tesco's best quarterly outcome in three years.
Tesco, whose profit fell for the first time in two decades in the year that ended February 23, has spent 1 billion pounds ($1.5 billion)