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WMT Walmart Inc

60.14
0.00 (0.00%)
23 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
  0.00 0.00% 60.14 0 01:00:00

Asda 4Q 2019 Comparable Sales Fell on Weak Clothing Sales

18/02/2020 2:30pm

Dow Jones News


Walmart (NYSE:WMT)
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From Apr 2019 to Apr 2024

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By Matteo Castia

 

Asda Group Ltd. said Tuesday that like-for-like sales excluding petrol declined in the fourth quarter of 2019, weighed down by a sluggish clothing segment and overall challenging market conditions.

Walmart's U.K. business reported a 1.3% fall in like-for-like sales for the three months ended Dec. 31, 2019.

Asda said that its clothing unit saw particularly weak trading, while its food segment was "more stable."

"Customers mindsets during the quarter were cautious and whilst customers were enthusiastic for Christmas, they were more mindful in their spending," Chief Executive Roger Burnley said.

 

Write to Matteo Castia at matteo.castia@dowjones.com

 

(END) Dow Jones Newswires

February 18, 2020 09:15 ET (14:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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