Tesco U.K. Same-Store Sales Rise 5.6%

Britain's biggest retailer, Tesco, met forecasts on Tuesday with a 5.6% rise in third-quarter like-for-like sales in its core U.K. market, excluding fuel.

The supermarket group said group sales rose 9.6% in the 13 weeks to Nov. 25, or 10.3%, excluding fuel.

International sales were up 17.9% at constant exchange rates.

Strategy and Finance Director Andrew Higginson said Tesco was "looking good" moving into the final four weeks of crucial Christmas trading.

"There's all to play for, but so far so good, we are looking forward to having a good Christmas," he said.

The average forecast was for a 5.7% rise in UK like-for-like sales excluding fuel, within a range of 5% to 7%, according to a Reuters poll of 12 analysts.