Business · Companies · 7 hrs ago

Asda food sales return to growth for first time since 2024

Asda food sales return to growth for first time since 2024

UK supermarket chain Asda returned to food sales growth in the three months to the end of September, the first time since 2024.

Same-store food sales edged up 0.1%, while online grocery sales rose 6.9% and Asda Express sales grew 2.7%.

Overall like-for-like sales excluding fuel fell 0.1%, a sharp improvement from a 2.3% fall in the previous quarter.

Asda has been cutting prices to bring shoppers back, but the investment has also reduced its earnings.

A faulty IT upgrade last year disrupted product availability, and Asda reported a £989 million pre-tax loss for 2025.

New chief executive David Potts is leading the turnaround, with a focus on keeping prices low, while Asda’s market share has slipped and the chain says more work remains.

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What people are saying

Michael GleesonAsda chief financial officer
The work we’ve done through the period to deliver against our strategy was reflected in our third quarter performance.
via Evening Standard
Like-for-like food sales returned to growth in the third quarter, online sales grew strongly and group sales increased, despite the challenging economic backdrop.
via Evening Standard