ASDA has published its full year results for 2023, showing 5.4% like-for-like sales growth and a 24% increase in profits. The company continues to see strong growth with the ASDA Rewards app driving sales while offering customers great value, and the ongoing expansion of its convenience offer has led to the recent opening of its 1,000th store.
Today, we announced our financial results for the year ending December 2023. We reported a 24% increase in underlying profit to more than £1bn and like-for-like sales growth (excluding fuel) of 5.4%, driven by our continued focus on providing great value for customers. Mohsin Issa, Asda’s Co-owner, said: ““I am proud of these results. They demonstrate the strength of our customer proposition and our focus on providing customers with outstanding value every time they shop with us. Our strategy is all about growing this great brand. Since we took full ownership of the business in June 2021, we have invested significantly and grown Asda from just over 620 stores to more than 1,000 today through organic growth and acquisition in the convenience sector. We will continue to invest in the business moving forward and look forward to bringing Asda to many more communities.” You can find the full results here: https://lnkd.in/entP7AxM.
