Sales At UK Supermarket Asda Fall On Later Easter
Published on May 16 2019 1:45 PM
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.