Asda sees Q2 sales improve but remain down on 2021

Asda has revealed that it saw like-for-like sales in Q2 2022 ending June 30 fall by 1.9% year-on-year compared to the same period last year.

The performance represents an improvement on the 9.2% decline in like for like sales during the previous quarter of this year.

The supermarket delivered positive like-for-like sales towards the end of the quarter and this growth trajectory has continued into Q3, driven by its continued investment in price and quality in core categories, including produce, meat, fish, and poultry.

With the latest Asda Income Tracker showing that households were on average £160 worse off in July compared to last year, the supermarket has stepped up its support for customers struggling with spiralling living costs.

Mohsin Issa, Asda’s Co-owner, said: “Every week millions of customers visit our stores or shop with us online and we know many of them are struggling with rising living costs that show no sign of easing. We are determined to do all we can to support these customers during these tough times by keeping their grocery bills in check while delivering added value through initiatives such as Dropped and Locked and the Kids Eat for £1 offer in Asda Cafes.”