Tesco, Britain's biggest retailer, sees opportunities to raise its margins beyond the end of its current recovery plan, it said on Tuesday.
In April the group reported a 34% rise in full-year operating profit and said it had met or was about to meet the vast majority of its turnaround goals - including a key margin target of earning between 3.5 and 4 pence of operating profit for every pound customers spend by the end of its 2019-20 financial year.
'Mix Opportunities'
In a slide published on its website as part of its Capital Markets Day, Tesco said: "We have the further cost reduction and mix opportunities that allow us to offset inflation, improve our customer offer and/or increase margin."
Tesco also said it would be able to enhance cash growth ahead of profit.
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