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Nov. 14, 2019, 10:03 a.m. EST

Walmart’s U.K. rivals languish after Asda’s sales decline

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By Steve Goldstein, MarketWatch


Getty Images
Customers arrive to go shopping at a branch of Asda supermarket in south London.

Shares of Walmart’s /zigman2/quotes/207374728/composite WMT +0.64%   U.K. rivals languished on Thursday after its Asda subsidiary reported downbeat sales in the third quarter.

Asda said comparable-store sales fell 0.5% in the third quarter, with the company flagging consumer concerns over Brexit.

Shares of J Sainsbury /zigman2/quotes/206038250/delayed UK:SBRY +0.05%  , which was blocked from an Asda merger, slipped 0.4%. Tesco /zigman2/quotes/203761082/delayed UK:TSCO +0.88%  shares slipped 0.2%, while Morrison Supermarkets /zigman2/quotes/205533138/delayed UK:MRW +0.41%   rose by 0.2%. Online delivery service Ocado /zigman2/quotes/207225647/delayed UK:OCDO +1.04%  rose 1.1%.

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.79%   more broadly dropped 0.38% to 7323.26.

Burberry Group /zigman2/quotes/205386705/delayed UK:BRBY -1.06%   rose 2.6% after reporting a stronger-than-forecast first-half pretax profit, with second-quarter same-store sales rising 5%.

/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 119.76
+0.76 +0.64%
Volume: 4.15M
Dec. 12, 2019 4:10p
P/E Ratio
23.92
Dividend Yield
1.77%
Market Cap
$337.62 billion
Rev. per Employee
$223,654
loading...
/zigman2/quotes/206038250/delayed
UK : U.K.: London
217.50 p
+0.10 +0.05%
Volume: 9.99M
Dec. 12, 2019 4:35p
P/E Ratio
265.24
Dividend Yield
5.15%
Market Cap
£4.79 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203761082/delayed
UK : U.K.: London
241.80 p
+2.10 +0.88%
Volume: 14.87M
Dec. 12, 2019 4:35p
P/E Ratio
19.34
Dividend Yield
2.79%
Market Cap
£23.48 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205533138/delayed
UK : U.K.: London
194.00 p
+0.80 +0.41%
Volume: 7.47M
Dec. 12, 2019 4:35p
P/E Ratio
15.30
Dividend Yield
4.47%
Market Cap
£4.62 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207225647/delayed
UK : U.K.: London
1,210.00 p
+12.50 +1.04%
Volume: 1.29M
Dec. 12, 2019 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£8.36 billion
Rev. per Employee
£112,886
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,273.47
+57.22 +0.79%
Volume: 705,152
Dec. 12, 2019 4:59p
loading...
/zigman2/quotes/205386705/delayed
UK : U.K.: London
2,060.00 p
-22.00 -1.06%
Volume: 1.11M
Dec. 12, 2019 4:35p
P/E Ratio
23.80
Dividend Yield
2.08%
Market Cap
£8.47 billion
Rev. per Employee
N/A
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Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.

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