Online is a key growth driver for Tesco

Tesco, the largest British supermarket chain, has reported strong results for the first six months of its fiscal year. Growing online sales are driving growth at the retailer, which plans to increase its focus on AI.

Profit forecasts raised

Tesco saw revenue rise by 2% to 33.8 billion pounds (39.9 billion euros). Like-for-like revenue growth was 1.5%. Adjusted operating profit rose 6.5% to 1.783 billion pounds (2.10 billion euros). Following these strong results amid uncertain times, the retailer is raising its profit forecasts for the full fiscal year.