Asda Returns to Positive Sales Growth

Features Dow Jones Newswires

Wal-Mart Stores Inc. (WMT) said Thursday that its U.K. unit Asda Stores Ltd. has recorded positive quarterly sales figures for the first time in three years.

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Asda recorded 1.8% like-for-like sales growth, excluding petrol, for the second quarter ended June 30, the parent company said, adding that total U.K. net sales at the supermarket chain grew by 3.9%.

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(END) Dow Jones Newswires

August 17, 2017 08:05 ET (12:05 GMT)