Tesco Shares Slip After Weaker-Than-Expected Q1 UK Sales; Guidance Left Intact
Tesco shares dropped about 1% after the UK supermarket group reported 1.8% UK like-for-like sales growth for the 13 weeks ended May 30, below analyst expectations near 2.7%. While online sales and Whoosh same-day delivery posted stronger gains, the company left its full-year adjusted operating profit guidance unchanged at 3.0 billion to 3.3 billion…