![a man standing in a room: New Tesco CEO Ken Murphy. Ben Stevens/Parsons Media/Handout via REUTERS](https://www.msn.com/{"default":{"load":"default","w":"80","h":"60","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19MEHr.img?h=598&w=799&m=6&q=60&o=f&l=f&x=1759&y=823"},"size3column":{"load":"default","w":"62","h":"47","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19MEHr.img?h=467&w=624&m=6&q=60&o=f&l=f&x=1759&y=823"},"size2column":{"load":"default","w":"62","h":"47","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19MEHr.img?h=467&w=624&m=6&q=60&o=f&l=f&x=1759&y=823"}})
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New Tesco CEO Ken Murphy. Ben Stevens/Parsons Media/Handout via REUTERS
- Tesco’s total revenues grew 8.6% in the six months to August, it said on Wednesday, thanks to a surge in online shopping during the pandemic.
- In the UK, online sales at the grocery giant nearly doubled in the quarter to August.
- Customers favored Tesco’s smaller, local stores over its larger supermarkets, it said. People are shopping less often — but buying more.
- Tesco’s operating profit fell 4.5% in the first half of the year, reflecting the £533 million ($686 million) it spent on its COVID-19 response, but it posted a 28.7% jump in pre-tax profit to £551 million ($709 million).
- Visit Business Insider’s homepage for more stories.
British supermarket giant Tesco has reported rising sales and pre-tax profit, largely thanks to the boom in online grocery shopping during lockdown.
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People are shopping less
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