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.”