Where might the Tesco share price go in the next 12 months? Here’s what experts think
The Tesco (LSE:TSCO) share price has been on fire these past 12 months. The UK’s leading retailer has continued to expand sales volumes, resulting in market share gains that saw the stock price grow by almost 30%!
This success largely stems from two primary factors. Firstly, its price-matching and Clubcard membership scheme has enabled Tesco to remain competitive against budget retailers like Aldi and Lidl.
But more importantly, as household budgets were constrained by inflation, management’s expansion of its premium Finest product range provided a new home for Marks and Spencer and Waitrose shoppers. In fact, volume growth in this part of the business surged by 14.9%!
Subsequently, adjusted operating…
