Woolworths Says QTRLY Total Group Sales A$ 16,800 Million Versus A$16,338 Million Reported Last Year
May 2 (Reuters) -Woolworths Group Ltd WOW.AX:
QTRLY TOTAL GROUP SALES A$ 16,800 MILLION VERSUS A$16,338 MILLION REPORTED LAST YEAR
FOCUS FOR REST OF F24 REMAINS ON PROVIDING VALUE FOR OUR CUSTOMERS REFLECTING THEIR COST-OF-LIVING PRESSURES.
EXPECT TRADING CONDITIONS TO BE CHALLENGING FOR NEXT 12 MONTHS
QTRLY GROUP ECOMMERCE SALES A$1,931 MILLION VERSUS A$1,530 MILLION REPORTED LAST YEAR
WELL POSITIONED TO MANAGE CHALLENGING ENVIRONMENT
QTRLY TOTAL AUSTRALIAN FOOD SALES A$12,578 MILLION VERSUS A$12,300 MILLION REPORTED LAST YEAR
BIG W SALES DECLINES IN APRIL HAVE BEEN BROADLY IN LINE WITH Q3
AUSTRALIAN FOOD ADJUSTED TOTAL SALES GROWTH IN APRIL BROADLY IN LINE WITH Q3 WITH INFLATION CONTINUING TO MODERATE
CONSUMER SENTIMENT IN AUSTRALIA AND NEW ZEALAND HAS BEEN WEAK FOR SOME TIME
PROCESS FOR DISPOSAL OF PETSTOCK STORES REQUIRED UNDER ACCC UNDERTAKING IS WELL PROGRESSED AND REMAINS SUBJECT TO ACCC APPROVAL
IN F25, EXPECT TO INCUR A$90 - A$100 MILLION OF INCREMENTAL COSTS ASSOCIATED WITH SITE COMMISSIONING, AMONG OTHERS
EXPECT MORE STABLE TRADING IN Q4
CONTINUES TO ENGAGE CONSTRUCTIVELY AND IN GOOD FAITH WITH REGULATORY INQUIRIES AND REVIEWS CURRENTLY UNDERWAY
Further company coverage: WOW.AX
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