Australian retailer Woolworths has posted sales from continuing operations up 10% to A$7.39bn (US$4.34bn) for the second quarter to 12 January.
Woolworths, which is Australia’s biggest retailer by market value, said total second quarter sales were up 8% to $7.47bn. First half sales from continuing operations were up 13% to $13.92bn, while total first half sales rose 11% to $14.14bn.
The company’s CEO Roger Corbett also raised the tope end of Woolworths’ annual sales forecast range to between 10.5% and 11.5%.
Woolworth’s supermarket division, which generates around 80% of the group’s earnings, posted a 10% rise in second-quarter sales to $6.29bn, and a 13% rise in first-half sales to $12.05bn, reported Dow Jones International News.
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