Tesco’s (TSCO.L) customers made fewer trips to the supermarket during lockdown but did bigger shops when they did visit.
Shopping frequency fell by 32% in the 13 weeks to 30 May, Tesco said on Friday, but basket size jumped by 64%.
The change coincided with lockdown being announced in the UK, which prompted the government to urge Brits to only shop once a week for essentials. The period also coincided with an outbreak of panic buying before lockdown was announced, as Brits filled store cupboards in anticipation.
Tesco said that overall sales in its first quarter rose by 8.2% in the UK and Ireland when currency fluctuations are excluded.
“Through a very challenging period for everyone,