Leading Australian retailer Woolworths today [Monday] reported sales up 17% in the 53 weeks to 30 June, 2002, to A$24.5bn (US$13.7bn).

Fourth quarter turnover also rose, up 25.1% to A$6.04bn, the group said. Adjusted for 52 week and to reflect Easter trading, full-year sales increased 14.9% and Q4 sales 16.9%, Reuters reported.

"Sales finished the year strongly across all states," commented CEO Roger Corbett, continuing: "We would anticipate earnings for the full financial year to be in the range of 49 to 50.5 cents per share (a 22% to 26% increase) after two cents per share goodwill amortisation."