Asda Group 3Q Like-For-Like Sales Fall 0.5%
November 14 2019 - 08:01AM
Dow Jones News
By Adriano Marchese
Walmart Inc.'s (WMT) Asda Group Ltd. said Thursday that
third-quarter like-for-like sales excluding fuel declined 0.5%.
For the period ended Sept. 30, the U.K. grocer said that despite
the like-for-like sales decline, online sales remained strong with
continued growth ahead of the market. It didn't provide any
specific figures.
"In the U.K., comp sales declined 0.5 percent as customers'
concerns over Brexit continue to weigh on results. Despite this
challenging environment, the Asda team continues to drive
operational and service improvements that are resonating with
customers, including strong growth in online grocery," Chief
Financial Officer Brett Biggs said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 14, 2019 07:46 ET (12:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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