Leading UK food & grocery retailer, Tesco has announced total retail sales up 5.1%, reaching £56.6bn (ex fuel) for the twelve-month period to 25 February 2023. Within its key region (UK & the Republic of Ireland) sales were up 4.7% to £52.4bn, while trading was more buoyant in Central Europe, where sales grew by 10.0% to £4.2bn. However, profitability was challenged (especially in UK & ROI) by the mounting cost pressures faced over the year, and group retail operating profit fell by 6.3% to £2.5bn.