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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 -0.47%   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 -0.79%  , which was blocked from an Asda merger, slipped 0.4%. Tesco /zigman2/quotes/203761082/delayed UK:TSCO -1.17%  shares slipped 0.2%, while Morrison Supermarkets /zigman2/quotes/205533138/delayed UK:MRW -0.54%   rose by 0.2%. Online delivery service Ocado /zigman2/quotes/207225647/delayed UK:OCDO +1.55%  rose 1.1%.

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +2.09%   more broadly dropped 0.38% to 7323.26.

Burberry Group /zigman2/quotes/205386705/delayed UK:BRBY -0.40%   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
$ 118.65
-0.56 -0.47%
Volume: 4.22M
July 6, 2020 1:57p
P/E Ratio
22.57
Dividend Yield
1.82%
Market Cap
$337.60 billion
Rev. per Employee
$223,654
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/zigman2/quotes/206038250/delayed
UK : U.K.: London
195.70 p
-1.55 -0.79%
Volume: 5.96M
July 6, 2020 4:35p
P/E Ratio
33.57
Dividend Yield
1.69%
Market Cap
£4.37 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203761082/delayed
UK : U.K.: London
218.90 p
-2.60 -1.17%
Volume: 21.34M
July 6, 2020 4:35p
P/E Ratio
22.07
Dividend Yield
4.18%
Market Cap
£21.69 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205533138/delayed
UK : U.K.: London
184.35 p
-1.00 -0.54%
Volume: 4.47M
July 6, 2020 4:35p
P/E Ratio
12.76
Dividend Yield
4.76%
Market Cap
£4.43 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207225647/delayed
UK : U.K.: London
2,031.00 p
+31.00 +1.55%
Volume: 1.16M
July 6, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£14.74 billion
Rev. per Employee
£112,886
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,285.94
+128.64 +2.09%
Volume: 681,521
July 6, 2020 4:59p
loading...
/zigman2/quotes/205386705/delayed
UK : U.K.: London
1,628.50 p
-6.50 -0.40%
Volume: 1.45M
July 6, 2020 4:35p
P/E Ratio
55.49
Dividend Yield
0.69%
Market Cap
£6.60 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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