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Walmart's Asda sales rise 0.4 percent in second quarter

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Walmart's Asda sales rise 0.4 percent in second quarter

Walmart's Asda sales rise 0.4 percent in second quarter
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Toby Melville(Reuters)
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LONDON (Reuters) - Asda, the British supermarket arm of Walmart <WMT.N> that has agreed to be acquired by Sainsbury's <SBRY.L>, reported a 0.4 percent rise in underlying sales, and said it was more profitable due to improvements in non-food margins.

Asda, the UK's third largest grocer after Sainsbury's and market leader Tesco <TSCO.L>, said on Thursday like-for-like sales, excluding fuel, rose 0.4 percent, in its fiscal second quarter, on a gross profit rate that increased compared to last year.

In the previous quarter, underlying sales had risen 1.0 percent, adjusted for Easter.

(Reporting by Sarah Young; editing by Kate Holton)

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