Asda, the UK’s second-largest retailer, made a “solid” start to 2011, its parent company Wal-Mart Stores said today (17 May), with underlying like-for-like sales up 0.8% in the first quarter of the year.

Excluding the impact that Easter had on last year’s first quarter and VAT, Asda reported a 0.8% increase in adjusted like-for-like sales. Including VAT, adjusted like-for-like sales climbed 1.7%.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

On a reported basis, Asda’s like-for-like sales were up 0.1% but Doug McMillion, the president and CEO of Wal-Mart’s international operations, described the results as a “solid start to the year”.

Asda said its operating income “declined” compared to the first quarter of 2010 but did not give specific figures. The retailer cited a charge from the closure of its defined benefit pension plan and costs linked to its acquisition of Netto’s UK stores.

In the US today, Wal-Mart announced rising first-quarter sales and earnings thanks to growth from its international operations.

Sales and operating income from Wal-Mart’s US arm did grow but at a slower pace than its overseas operations.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The retailer also revealed that its comparable-store sales in the US fell for the eight quarter in a row.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now