AUSTRALIA: Woolworths on track to achieve full-year targets

Australian retail giant Woolworths has said it is on track to reach its sales and earnings targets for its full fiscal year following a strong performance so far. The supermarket operator said it expects sales from continuing operations for the full year to 30 June to grow around 12%, reported Dow Jones International News.

May 1, 2003

Australian retail giant Woolworths has said it is on track to reach its sales and earnings targets for its full fiscal year following a strong performance so far.

The supermarket operator said it expects sales from continuing operations for the full year to 30 June to grow around 12%, reported Dow Jones International News.

Woolworths said its Big W discount department store operations are “on track to meet internal expectations of sales and EBIT (earnings before interest and tax) for the full fiscal 2003 year.”