Tesco says its comparable sales jumped 8.1% in the Christmas period

Tesco plc (LON: TSCO) said on Thursday that trading remained robust during the Christmas period. In the six weeks that concluded on 9th January, the retailer reported an 8.1% annualised growth in its UK comparable sales. For the fiscal third quarter as a whole, Tesco’s like-for-like sales came in 6.7% higher on a year over year basis. CEO Ken Murphy commented on the financial update on Thursday and said: “We delivered a record Christmas across all of our formats and channels.” Tesco shares slid more than 1% on market open on Thursday. The stock, however, regained almost half of the