Asda posts first-quarter sales decline

Asda Bridgwater

Asda has reported a fall in like for likes as a later Easter this year contributed to a drop in comparative sales in its first quarter.

Asda’s like for likes slid 1.1% due to the timing of the holiday but rose 0.5% when adjusted for when Easter fell.

It achieved double-digit growth on both and and invested in price during the quarter, which helped own-brand product growth outpace the market.

The Walmart-owned business, which was blocked by the CMA from merging with fellow big four grocer Sainsbury’s, had previously racked up seven consecutive quarters of like-for-like growth following a five-year decline.

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