World News

Second quarter of sales growth at Asda

Published on: November 17th, 2017

Asda reported a growth in sales of 1.1%, according to its parent company, Walmart.

A new chief executive was announced earlier this year with Roger Burnley set to take the reins in the New Year.

Walmart president and chief executive Doug McMillon, commented: “In the UK, Asda delivered positive comp sales again this quarter. The improvements in store experience and price investments are increasing store basket sizes. I’d like to thank Sean Clarke for the tremendous work that he has done over the past year to stabilize the business and position it for growth.”

Walmart chief financial officer Brett Biggs, added: “Turning to the UK, net sales increased 3.6%, and comp sales increased 1.1%. Customers continue to respond to investments in the value proposition. In fact, during the quarter, our in-store service metrics continued to improve and performance strengthened across our private brand and online grocery offerings. While we are pleased with the improved performance in the business we know we have more work to do.”

Sean Clarke, Asda’s chief executive, added: “It’s great to see that we have now delivered our second consecutive quarter of positive LFL growth, and the fifth consecutive quarter of continued sales improvement. The market environment will continue to be challenging into next year but we’re well placed with clear plans and a renewed level of confidence.”

If you would like to receive our daily newsflash email, click here; you can also follow us on Twitter and Facebook and request a print subscription here.