Overview

• Project Future is now live across all stores, depots and offices, completing the separation of more than 2,500 Walmart‑era systems onto Asda‑owned technology.
• Allan Leighton said the concentrated cutover — about 50 stores a week for 10 weeks — caused temporary product gaps and online glitches that will depress third‑quarter sales.
• Second‑quarter revenue excluding fuel edged down 0.2% to £5.3bn, an improvement on Q1, as on‑shelf availability rose to roughly 96%, its best level in eight years.
• Asda is leaning into Rollback price investment, averaging 22% cuts on many lines, and still expects to exit the year with like‑for‑like growth despite near‑term profit pressure.
• The grocer faces tougher competition and costs, with market share at 11.8% versus Aldi’s 10.8% and management warning that higher business taxes are feeding through to shoppers.