Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Wal-Mart Stores Inc    WMT

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Wal Mart Stores : Asda 'on right track' despite falling sales

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/19/2017 | 12:03pm CEST

ASDA has posted another fall in quarterly sales, but the supermarket's US owner has insisted that the company is "on the right track".

The chain, owned by Walmart, reported a 2.8% fall in like-for-likes sales in its first quarter.

The figure represents an 11th consecutive quarter of sales declines but marks a slight improvement on the previous period, which saw Asda sales fall 2.9%.

Asda chief executive Sean Clarke said: "We're pleased that the momentum of the fourth quarter has continued into the New Year with a third consecutive quarter of improvement.

"We're delivering more consistently for our customers, particularly in fresh food, service and availability - both in stores and online.

"Despite this progress we are in no way complacent and there is still much for us to do."

Mr Clarke, who took up the reins last summer after being parachuted in to replace previous boss Andy Clarke, has slashed the prices of everyday items as he attempts to arrest falling sales.

Last August Asda posted its worst ever sales fall of 7.5%. In response, it announced in September it was lowering thousands of prices on everyday favourites by an average of 15%, with items such as beef, chicken and sausages all becoming cheaper.

In a trading update, Walmart said it is confident that Asda is "on the right track". Walmart chief executive Doug McMillon said: "We've made some progress in the UK."

© Copyright © 2017 Express & Star, All rights reserved., source Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WAL-MART STORES INC
10:01p WAL MART STORES : Walmart to webcast Annual Meeting of Shareholders and its ques..
09:16p WAL MART STORES : Local named to lead Edcon
08:33p WAL MART STORES : Walmart hires more than 5,000 veterans in Ohio
07:33p WAL MART STORES : Simi Valley Transit to be revamped for greater efficiency
06:36p CITY POLICE BEAT : Car left running in Walmart parking lot nearly stolen
05:47p WAL MART STORES : Commerce police chief placed on leave amid allegations
09:18a WAL MART STORES : Walmart planned for west Belleville might not open until 2019
02:11a WAL MART STORES : Starbucks says it's coming to Sterling Commons
02:04a POLICE : Iowa City man called protected party more than 900 times from jail
05/25 WAL MART STORES : Community Wishbook Article No
More news
Sector news : Supermarkets & Convenience Stores
04:16pDJP. SCHOENFELD ASSET MANAGEMENT LLP P : Form 8.3 - Tesco Plc
03:18p Sainsbury's exploring bid for Palmer & Harvey - Sky News
10:36aDJTESCO : Investec Bank plc Form 8.5 (EPT/RI) - Tesco Plc
05/25DJTESCO : Investec Bank plc Form 8.5 (EPT/RI) - Tesco Plc
05/24DJDIMENSIONAL FUND ADVISORS LTD. DIMEN : Form 8.3 - Tesco Plc - Ordinary Shares
More sector news : Supermarkets & Convenience Stores
News from SeekingAlpha
11:53a Wal-Mart At $78 Could End Up Being Cheap
08:02a 6 Retail Stocks That Have A Fighting Chance Against Amazon (And Pay Solid Div..
05/25 Costco Delivers, Fundamentals Remain The Same
05/25 WAL-MART : Did Warren Buffett Make A Mistake?
05/25 My 5 Dividend Champions And Their Alternatives
Advertisement
Financials ($)
Sales 2018 495 178 M
EBIT 2018 22 459 M
Net income 2018 13 157 M
Debt 2018 40 803 M
Yield 2018 2,79%
P/E ratio 2018 17,93
P/E ratio 2019 16,95
EV / Sales 2018 0,56x
EV / Sales 2019 0,55x
Capitalization 237 401 M
More Financials
Chart WAL-MART STORES INC
Duration : Period :
Wal-Mart Stores Inc Technical Analysis Chart | WMT | US9311421039 | 4-Traders
Full-screen chart
Technical analysis trends WAL-MART STORES INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 33
Average target price 79,1 $
Spread / Average Target 1,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
C. Douglas McMillon Chief Executive Officer & Director
John Furner President
Gregory B. Penner Non-Executive Chairman
Michael J. Bender Chief Operating Officer-Global eCommerce
Brett M. Biggs Chief Financial Officer & Executive Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART STORES INC13.06%237 401
ALIMENTATION COUCHE TA..0.57%26 023
CARREFOUR0.92%19 556
WHOLE FOODS MARKET, IN..14.82%11 287
DAIRY FARM INTERNATION..12.99%10 982
YONGHUI SUPERSTORES CO..40.53%9 534
More Results