Australian grocer Woolworths Ltd has revised its earnings forecast for the full-year.
In a trading update today (18 July), the grocer said it has revised its previous guidance and now expects net profit after tax from continuing operations, excluding non-recurring items, to grow in the range of 5% to 6%. Previous guidance was 4% to 6%.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Australia’s biggest retailer by sales, said its home-improvement business had recorded a steeper-than-expected annual loss. It did not comment on figures for its food and liquor division.
In April, the retailer recorded an increase in third-quarter sales, boosted by targeted offers and a “sharpened focus” on its core business.
Click here to view the release.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
