Asda has announced much-improved Q2 results, bringing a temporary sigh of relief to new boss Sean Clarke and his management team. Like-for-likes are now up strongly at +1.8% excluding petrol. Additionally total revenue growth has surged at more than expected growth of +3.9%. This is Asda’s best quarterly performance in over three years.
Ray Gaul, Vice president of Research and Analytics discusses Asda’s recent back to basics approach, and the positive impact this has had on their Q2 results.
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