August 15, 2019 / 11:22 AM / 7 days ago

Quarterly sales at UK's Asda edge higher, helped by later Easter

LONDON, Aug 15 (Reuters) - Asda, the British supermarket arm of U.S. retail giant Walmart, said underlying sales edged higher in its latest quarter, helped by the later timing of Easter this year, but cautioned uncertainty around Brexit was affecting customers.

The group, whose attempt to be taken over by rival Sainsbury’s for 7.3 billion pounds ($8.8 billion) was blocked by Britain’s competition regulator in April, said on Thursday its like-for-like sales rose 0.5% in its fiscal second quarter.

That compares with a decline of 1.1% in the previous quarter, or a rise of 0.5% adjusted for the later timing of Easter this year. (Reporting by James Davey; editing by Kate Holton)

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