Asda’s sales increase but profits slip

Asda’s sales increase but profits slip

Asda has reported a 0.5% rise in like-for-like sales, but gross profit margins have dipped, for the fourth quarter ending 31st December. Without disclosing the exact amount of its profit’s decrease, owner Walmart attributed the slip to “on-going price investments”....
Asda reports continued growth in sales

Asda reports continued growth in sales

Asda has seen its sales grow by 1.1% for the third quarter ending 30th September, as Walmart announced its financial earnings for the period. Net sales in the retailer were also up 3.6%, with the company seeing “improved results as customers responded to investments...