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).
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.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData