Walmart said its Leeds-based subsidiary Asda reported a positive quarterly sales figure for the first time in three years for the April 1 to June 30 period.
Asda said it enjoyed one of its most successful Easter trading periods on record in 2017, with sales up 16%.
“Walmart has announced its financial earnings for the second quarter 2017 … confirming Asda’s comp sales were 1.8% in the period excluding petrol,” said Asda.
“Whilst the period includes Easter trading, this is the first time Asda has reported a positive quarterly sales figure in three years.”
Asda CEO Sean Clarke, said: “Our continued focus on delivering great value and service meant 275,000 new customers chose to shop at Asda in Q2, particularly during Easter, which saw us return to positive comp growth.
“Recognition should go to our store colleagues for the progress made from 2016 but we know we need to continue to up our game to be in the best shape possible.
“We will continue to work collaboratively with our suppliers to create the best products, make investments where they matter most to our customers, and ensure that we are fit for purpose in what remains a competitive market.”
Walmart CEO Doug McMillon said: “We’re also encouraged that the UK delivered positive comp sales.
“In June, I visited Asda to see the progress being made.
“Customers are responding to investments in price and store experience by visiting the stores more often and increasing their basket sizes.
“There’s still much more to be done, but we’re clearly headed in the right direction.”
Walmart chief financial officer Brett Biggs said: “Turning to the UK, net sales increased 3.9%, and comp sales increased 1.8%.
“Customers responded to investments in the value proposition, and we continued to see sequential improvement in the business, including customer traffic and ticket.”