Australian supermarket group Woolworths has reported a 12% increase in second-half profit despite tough competition from rival Coles Myer.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company reported net profit of A$290m (US$208.8m) for the six months to 27 June, compared to $258m in the year-ago period.


Woolworths also announced that it expects chief executive Roger Corbett to stay on in that position within the company for another two years. Corbett announced that Michael Luscombe would become head of the company’s supermarket division, replacing Tom Flood, who is leaving the company.


Woolworths currently has a market share of around 38%, compared to Coles Myer’s 32%.

GlobalData Strategic Intelligence

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

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now