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WMT Walmart Inc

59.25
-0.99 (-1.64%)
After Hours
Last Updated: 21:45:42
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
  -0.99 -1.64% 59.25 60.30 59.16 60.08 14,170,847 21:45:42

Asda's 1Q Comparable Sales Rose as Pandemic Boosts E-Commerce, Smaller Stores

19/05/2020 2:23pm

Dow Jones News


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

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By Matteo Castia

 

Walmart Inc.'s U.K. business Asda Group Ltd. said Tuesday that comparable sales in the first quarter rose, as the pandemic and lockdown boosted e-commerce and trading at its smaller stores.

The retailer said quarterly like-for-like sales excluding petrol rose 3.5% year-on-year. As a consequence of the lockdown, e-commerce performed well, but demand for nonessential items dropped, it added.

"The supermarket also saw its smaller stores, located in the heart of communities, perform strongly as customers preferred to shop locally and avoid travel during the early weeks of lockdown," Asda said.

 

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

 

(END) Dow Jones Newswires

May 19, 2020 09:08 ET (13:08 GMT)

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

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