Britain's Asda Sees Sales Rise 3.8% In Lockdown Quarter
Asda, the British supermarket arm of the world's biggest retailer Walmart, said on Tuesday its second quarter comparable sales rose 3.8%, benefiting from strong growth in grocery sales during the country's coronavirus lockdown.
The outcome compares with growth of 3.5% in the previous quarter.
Asda highlighted a doubling of online grocery sales and a quadrupling of click and collect sales in the quarter.
However, it said its operating income fell in the 1 April to 30 June 30, partly because of incremental costs related to the pandemic.
Talks With Potential Buyers
Walmart, whose attempt to sell Asda to rival Sainsbury's for £7.3 billion (€8.08 billion) was thwarted by Britain's competition regulator last year, said last month it had restarted talks with potential buyers of a majority stake in the supermarket chain.
Asda made no comment on the progress of the talks in its second quarter statement.