Q1 2024 Tesco PLC Trading Statement Call Transcript
Good morning, everyone. Thank you for joining us today. I'm here in Welwyn with Imran, and in a moment, we'll be delighted to take your questions.
Before I share a few key highlights, I'd like to start by thanking the entire team for the fantastic contribution that they make every single day. Their ongoing hard work is evident in the strength of our offer and ensures we can deliver brilliantly for our customers.
I'm really pleased with the performance of the entire business in what continues to be a competitive and challenging market. This strong performance has been underpinned by our ongoing and relentless focus on value and quality, ensuring customers can benefit in every part of their basket.
It's really important that we continue to support customers as they face ongoing and significant cost of living pressures. I'm therefore really pleased that we have led the way in cutting prices on the everyday essentials that customers rely on, such as milk, pasta and cooking oil.
To give you a sense of the scale of
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