date:Jun 03, 2014
d be worse than a 3 percent decline in the fourth quarter of Tesco's 2013-14 year and, according to analysts, would also be the weakest performance for over a decade. Tesco has not given a breakdown of quarterly results going back that far.
At no stage in recent times do we believe that Tesco's management has been budgeting for like-for-like sales to be as weak as they may have been in recent months, even with guidance in April that same-store sales can be expected to be negative for some time,