Tesco Raises Profit Outlook to £3.3bn

Tesco now expects annual profit of £3.15bn-£3.3bn, up after first-half underlying profit — its core earnings — rose 6.5% to £1.8bn on £33.8bn sales. On 8 October 2026, the UK retailer said shoppers kept spending despite global tensions. The outlook bets UK grocery demand stays steady through the second half.