Asda second-quarter sales boosted by later Easter
Asda has posted an uptick in second-quarter sales, boosted by the later timing of Easter.
The supermarket giant recorded a 0.5% increase in like-for-like sales during the three months to June 30, while total sales grew 1.3%.
The number of transactions Asda registered during the three-month period dipped 0.2% in like-for-like terms. Gross profit and operating income also declined, though parent company Walmart did not reveal exact figures for those metrics.
Walmart said Asda enjoyed sales growth despite “lapping difficult comparisons” and warmer weather last year. It added that “uncertainty surrounding Brexit continues to affect customers” in the UK.
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