LONDON (Reuters) - Asda, the British supermarket arm of Walmart that has agreed to be acquired by Sainsbury's, reported a 0.4 percent rise in underlying sales, and said it was more profitable due to improvements in non-food margins.
Asda, the UK's third largest grocer after Sainsbury's and market leader Tesco, said on Thursday like-for-like sales, excluding fuel, rose 0.4 percent, in its fiscal second quarter, on a gross profit rate that increased compared to last year.
In the previous quarter, underlying sales had risen 1.0 percent, adjusted for Easter.
(Reporting by Sarah Young; editing by Kate Holton)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app