- Comp sales (like for like) growth for fourth quarter up 7.2% (ex. petrol), 6.5% for full year
- Winning new customers across the UK, with largest gains in South of England
- Sales momentum accelerating into 2009 thanks to ASDAâ€™s strengthened price leadership
- CEO, Andy Bond, calls on Government to promote competition during the recession
Wal-Mart Stores Inc. announced today (17th February) that ASDA delivered another strong sales performance in the fourth quarter of 2008 achieving comp sales (like-for-like) growth of 7.2% (excluding petrol). This was up from 6.9% in Q3, 6% in Q2 and 5% in Q1.
A combination of increased customer numbers and higher basket spend, driven by its long-standing commitment to everyday low prices, saw ASDA beat both its sales and profit plan for the full year. Comp sales growth for the full year was 6.5% (excluding petrol). Britain’s second biggest supermarket has now out-performed the market for eleven successive quarters.