Weather more important to sales than World Cup, says Tesco as growth slows

The Guardian18 jun 2026Macro
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Comparable UK sales rose 1.8% to £13.4bn in the three months to the end of May, well below the 4.2% growth of the previous quarter and the 2.3% analysts had forecast. CEO Ken Murphy attributed the slowdown to rainy spring weather, which he said had a greater effect on grocery spending than the World Cup or the Middle East conflict, while noting that the Whoosh delivery service saw a 40% sales jump around the England-Croatia game. Online sales grew 8.9%, while Booker wholesale sales fell 3.2%. Tesco maintained its full-year profit outlook of £3.25bn, but shares declined 2.4% in early trading.