Asda recorded its biggest quarterly sales fall on record in the three months including Christmas 2015.
The grocery chain saw sales fall 4.7 over the year as a whole, and parent company Walmart also reported falling profit, with net income for Q4 falling 7.9 per cent to $4.57 billion.
Asda's figures contrast with those of the other 'big four' UK supermarkets, as Morrisons and Tesco both beat forecasts while Sainsbury's saw sales fall by 0.4 per cent over the fourth quarter.
Andy Clarke, Asda's president and chief executive, said 2015 had been a 'difficult year' for the retailer, with discounters Aldi and Lidl both maintaining their rapid growth surges.
Clarke added that competition had been fierce, and noted that Asda's market share had come under pressure. Bearing that in mind, he said results for the year had been 'commendably stable'.
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