UK retailer Asda has booked an increase in second-quarter sales but sales slowed in the most recent three months of its financial year.
In the three months to the end of June, excluding fuel, net sales grew 3.2%. Comparable sales, excluding fuel, increased 0.7%, the retailer reported today (16 August).
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In the first three months of its financial year, Asda’s like-for-like sales increased 2.2%.
Asda said its strongest performances in the second quarter were in grocery, apparel and electronics. Its online business recorded sales growth of 22.1% in the quarter.
CEO Andy Clarke said he was “proud” of the retailer’s performance in the quarter.
“We have continued to increase our sales and grow ahead of the market through a combination of lowering more prices and driving even harder on product quality. Our ‘real value’ strategy is paying dividends, and enabling us to grow the business in a sustainable way.”
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By GlobalData
