about 2 months ago • 1 min
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In today’s Daily Brief, we'll look at Tesco's bumper results – and what they might mean for other grocery firms.
"Because shoppers cut back on other spending to put food on the table, supermarkets like Tesco are usually able to jack up prices pretty swiftly when inflation kicks in – and that makes their sales growth somewhat inflation-proof. Then, when inflation cools, those retailers can be slow to roll back price increases, which fattens profit margins. That's a formula investors often flock to in times like these."
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