Asda Stores Total Sales, Excluding Acquisitions, VAT, Fuel, +7.1%

Date : 05/17/2012 @ 8:10AM
Source : Dow Jones News
Stock : Wal-Mart Stores, Inc. (WMT)
Quote : 79.53  -0.48 (-0.60%) @ 7:06PM

Asda Stores Total Sales, Excluding Acquisitions, VAT, Fuel, +7.1%

Wal Mart Stores (NYSE:WMT)
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ASDA Stores, a British supermarket and subsidiary of Wal-Mart, said Thursday like for like sales for the three months ending March 31 was up 2.2%.

MAIN FACTS:

-Like for like 1Q sales, including the additional leap year day increased 5% excluding acquisitions, VAT and fuel.

-Like for like 1Q customer numbers up 2.9% with basket spend up 2.1%.

-Total sales, excluding acquisitions, VAT and fuel, grew by 7.1 per cent

-U.K.'s gross profit rate, excluding acquisitions, relatively flat compared to the previous year.

-Online business sales growth in the U.K. 19.2 per cent.

-Asda's 1Q LFL, excluding both this week and the benefit of an additional day in the quarter due to the leap year, was 2.2 per cent.

-By Mark Shapland, Dow Jones Newswires; +44 207 8429358; mark.shapland@dowjones.com

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