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Asda's Sales Fall, Profit Warning Issued Amidst Turnaround Efforts
Asda, a UK supermarket chain, reported a 0.8 percent sales decline to £21.7 billion in 2024, with lower profits expected this year, impacting rivals' shares and highlighting challenges following its 2020 takeover by the Issa brothers and TDR Capital.
Asda's Sales Fall, Profit Warning Issued Amidst Turnaround Efforts
Asda, a UK supermarket chain, reported a 0.8 percent sales decline to £21.7 billion in 2024, with lower profits expected this year, impacting rivals' shares and highlighting challenges following its 2020 takeover by the Issa brothers and TDR Capital.
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