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WMT Walmart Inc

60.16
-0.05 (-0.08%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Walmart Inc NYSE:WMT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -0.08% 60.16 60.39 60.00 60.15 11,045,224 00:10:16

Asda 3Q Sales Rose; Warns of Challenging Market

16/11/2017 2:09pm

Dow Jones News


Walmart (NYSE:WMT)
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By Maryam Cockar

 

Wal-Mart Stores Inc. (WMT) on Thursday said that sales at its U.K. business, Asda, increased in the third quarter of 2017, but warned that challenging conditions in the grocery market will continue into 2018.

For the quarter ended Sept. 30, like-for-like sales at the U.K.'s third-largest supermarket increased 1.1% and net sales grew 3.6% compared with the same period a year earlier.

Asda Chief Executive Sean Clarke said the supermarket delivered its second consecutive quarter of positive like-for-like growth and fifth consecutive quarter of sales improvement.

"The market environment will continue to be challenging into next year but we're well placed with clear plans and a renewed level of confidence," he said.

 

Write to Maryam Cockar at maryam.cockar@dowjones.com

 

(END) Dow Jones Newswires

November 16, 2017 08:54 ET (13:54 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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