31 March 2023
The figures announced in Asda’s full-year 2022 results reveal that sales, excluding fuel, increased 0.01% to £20,452 bn. Despite this growth, profits excluding fuel were down 24% to £886m.
Success for own-brand products and Asda Rewards
Although like-for-like sales declined in the first half of 2022, this was followed by growth of 4.7% in Q3 and 5.4% in Q4.
Asda identified a focus on ...