Here’s the forecast for the Tesco share price in 2026
The Tesco (LSE:TSCO) share price fell 5% in early trading on Thursday (8 January). This was the market’s reaction to the company’s trading update, which highlighted a slowdown in underlying sales growth over the crucial Christmas period.
Group like-for-like sales rose 2.4% over the six weeks to 3 January, easing from 3.1% in the third quarter and well below the 4.6% growth recorded in the second quarter.
UK underlying sales growth also moderated to 3.2% over Christmas, even though Tesco increased its market share to 29.4%, the highest level in more than a decade. Q3 like-for-like sales growth was 3.9%, versus the 4.8% expected by analysts.
Analysts had hoped that Tesco would upgrade its guidance for the full…
