- for speed listening, go to the settings wheel on the bottom right of the video and choose playback speed -

Description, Capital and Legal Structure - 9 Aug 23

Business Description - 9 Aug 23

Acquisitions - 9 Aug 23

Capex, IT - 9 Aug 23

Model, DCF - 9 Aug 23

Investment Discussion 9 aug 23
Aldi's investment in its stores is a response to investment programs by the rest of the industry. Aldi/Lidl are already cheaper, but run on fewer
Losing the cheapest supermarket tag to Tesco may be a blip, but it highlights the difficulty of trying to target being 5% to 10% cheaper than
The mistakes in pay packets were initially revealed in March 2024. The sums involved are small, so ASDA is being magnanimous in settling
ASDA outsourcing deliveries of George (its clothing brand) is an indication of how deep the Leighton restructuring plans are
After the negative impact of the IT updates to logistics, ASDA needs to make sure that the changes to its distribution management teams do
ASDA’s poor Christmas performance was trailed by Management at the Q3 results. The introduction of the new IT system caused
Management had already warned the market that Q4 food revenue would be lower than Q3. They also warned that margin would be
The market share numbers are ugly, but are baked into expectations. The job of getting customers back onside is going to take longer
S&P’s downgrade comes soon after Fitch and cites the same reason: the availability issues in Q3 caused by disruption post the
With over £1bn of available liquidity (post the November £560m sale and lease back transaction), ASDA has sufficient cash to cope with the
Fitch’s downgrade of ASDA reflects the agency’s belief that the turnaround at ASDA will take three years, with volumes and profitability only
The impact of the deal will be to layer the SSNs and SUNs with another £568m of debt. The use of the cash will be to support the turnaround of
Tesco is responding to ASDA’s price drops to protect its market share. The 5% - 10% gap on average baskets is expected to take three years to
The price cuts were always part of a long-term strategy, so the latest price cuts at ASDA may be a reflection of the overall strategy leading up to
Around 4,500 of the 30,000 SKUs in a large ASDA store are now being discounted. ASDA is trying to get suppliers to bear some