Asda sales and profits rise as Covid-19 costs unwind
Asda has posted a jump in profits in its first year under the Issa brothers’ ownership as one-off costs related to the coronavirus crisis abated.
During the year, Asda opened 31 Asda On The Move c-stores on petrol forecourt sites owned by the Issa brothers’ EG Group. It has also introduced new foodservice brands such as Leon, Cinnabon and Sbarro into some of its larger supermarkets. It aims to expand the proposition into 100 supermarkets by the end of 2022.
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