Overview

• Project Future is now live across all stores, depots and offices, fully separating Asda’s operations from former owner Walmart.
• Executive chairman Allan Leighton said fast-paced cutovers created temporary shelf gaps and online delivery issues that will weigh on current-quarter sales.
• Second-quarter revenue excluding fuel declined 0.2% to £5.3 billion, with availability improving to about 96%, its best level in eight years.
• Asda has leaned on Rollback price cuts averaging roughly 22% to draw customers and strengthen volumes.
• The group is continuing investment with more than 20 new Asda Express openings in the coming weeks and a programme to revamp in‑store cafés.