Get the app today! App Store Play Store

Sales At UK Supermarket Asda Fall On Later Easter

Published on May 16 2019 1:45 PM

Sales At UK Supermarket Asda Fall On Later Easter

Asda, the British supermarket arm of U.S. retail giant Walmart, said underlying sales dipped in its latest quarter, reflecting the later timing of Easter this year.

The group, whose attempt to be taken over by rival Sainsbury's was blocked by Britain's regulator last month, said on Thursday its like-for-like sales fell 1.1% in the three months to 31 March, its fiscal first quarter.

That compares with a rise of 1% in the previous quarter and ends a run of seven straight quarters of growth.

please subscribe or sign in to continue reading

image description

Try Checkout PREMIUM PLUS – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and the Checkout digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email