Tesco Reports 1.3% Decline In Comparable Sales

Tesco PLC TSCDY reported that its comparable sales in the UK in the six weeks to January 7 dropped 1.3%, excluding fuel and value-added-tax costs. Inclusive of fuel and VAT costs, Tesco's UK sales climbed 3.8%. Group sales surged 5.2%, including fuel costs. TSCDY shares closed at $17.89 yesterday.