Asda's like-for-like food sales growth slowed to 0.1% in its third quarter, which covers the 13 weeks ending in September. This marks a decrease from the 0.7% like-for-like food sales growth reported for the seven weeks to mid-August.
The slowdown in food sales occurred before Allan Leighton transitioned from executive chairman to a non-executive role last week. David Potts, formerly of Morrisons and Tesco, took over as chief executive on Tuesday.
Asda's overall revenue, including fuel, saw a 3.1% year-on-year increase during the 13 weeks to September. Online sales were a significant contributor, growing by 6.9% on a like-for-like basis.
The supermarket stated it is working to maintain low prices to attract customers facing budget constraints. According to Asda's income tracker, British families' budgets are at a six-month low.
New chief executive David Potts has instructed general managers to increase the availability of staff-operated checkouts and focus on improving the in-store experience for shoppers. He stated that the group is "making it harder than it should be for customers to get what they want, move around the store and pay for their shopping."
On Thursday, Asda announced a 4p per litre cut in petrol and unleaded diesel prices at its 321 fuel forecourts. The grocer estimates this measure will save the average family £2.20 per tank.