Tesco share price (LON: TSCO) opened trading this morning at multi-year highs of 410.40p, as Britain’s largest supermarket chain continues to hold above the previous resistance of 400p. This milestone caps a period of steady, if not spectacular growth since the start of the year.

The most recent financials demonstrated that Tesco is on a strong path, with Q1 sales (UK like-for-like) up 5.1%, despite the CEO indicating the market remains ‘intensely competitive’. Maintaining the profit outlook for FY25/26 was also taken well by markets, despite the levels reflecting a mild drop from the prior year.

The company’s market dominance is another vital ingredient in its success story. By the end of Q1 2025, the company held a…