Tesco Q3 fianancial results

Tesco saw continued strong sales growth in the third quarter of 2008, with overall group sales up 11.7%. International sales grew 14.6% at constant exchange rates, led by Asia. In the UK, sales rose 5.9% with like-for-like sales up 3.2% excluding petrol. The launch of new "Discounter" products represented over 5% of UK food and grocery sales already. Tesco has sufficient financing for planned growth and expects to be cash positive in the second half of the year.