Asda returns to growth
Walmart has announced its financial earnings for the second quarter 2017 (1 April to 30 June) confirming sales at Asda were 1.8% higher than the same period last year.
Whilst the period includes Easter trading and excludes petrol, this is the first time Asda has reported a positive quarterly sales figure in three years.
Asda enjoyed one of its most successful Easter trading periods on record in 2017, with sales up 16%. Removing the Easter impact from the quarter however still gives Asda a 0.7% comp performance versus the same period last year.
Asda president and CEO, Sean Clarke, said: “Our continued focus on delivering great value and service meant 275,000 new customers chose to shop at Asda in Q2, particularly during Easter, which saw us return to positive comp growth.
“Recognition should go to our store colleagues for the progress made from 2016 but we know we need to continue to up our game to be in the best shape possible.
“We will continue to work collaboratively with our suppliers to create the best products, make investments where they matter most to our customers, and ensure that we are fit for purpose in what remains a competitive market.”
Published: 17 August 2017