|Bid||241.50 x 1003200|
|Ask||255.00 x 250000|
|Day's Range||241.80 - 245.60|
|52 Week Range||188.60 - 251.90|
|PE Ratio (TTM)||18.74|
|Dividend & Yield||0.07 (2.24%)|
|1y Target Est||N/A|
Asda, the British supermarket arm of Wal-Mart, the world's largest retailer, reported its first underlying sales growth in three years on Thursday and said its back-to-basics turnaround under a new management team was working. Of Britain's big four supermarket players -– market leader Tesco, Sainsbury’s, Asda and Morrisons -- Asda has been hurt the most by the rise of German discounters Aldi and Lidl as its traditional price advantage was eroded. Wal-Mart has said Asda was too slow in responding to that competition and prior to Thursday's update Asda had reported eleven straight quarters of like-for-like sales decline.
Asda, the British supermarket business of U.S. retail giant Wal-Mart, reported an 11.5 percent drop in profit in 2016, a performance it said was "behind expectations". Of Britain's big four supermarket players - market leader Tesco, Sainsbury's, Asda and Morrisons - Asda was hurt the most by the rise of discounters Aldi and Lidl. Asda has said it was too slow in repositioning its business to respond to that competition.
British online grocer Ocado has seen a pick-up in enquiries from U.S. supermarket groups interested in possible partnership deals in the wake of Amazon's $13.7 billion deal to buy Whole Foods, its boss said on Wednesday. Ocado Chief Executive Tim Steiner said Amazon's purchase of the upmarket grocer had made existing bricks and mortar supermarket players in the United States think harder about the competition they will be facing in the coming years. "Therefore we’ve seen increased interest in our (technology) solution from players in the U.S.," he said after Ocado reported a 2.7 percent rise in first half core earnings.