Supermarket chain Woolworths has today (Friday) announced a sharp rise in sales for the year to 26 June, bolstered by strengthening food and liquor sales and acquisitions.
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Total sales rose to A$31.352bn (US23.8bn), compared with $27.934bn in the previous year, while sales from continuing operations rose to $31.210bn from $27.797bn the year before.
Sales at the company’s supermarket division rose to $26.878bn from $24.193bn.
Total fourth quarter sales were $7.279bn, up from $6.405bn, with sales from continuing operations at $7.247bn compared with $6.375bn. Supermarket sales in the fourth quarter were $6.267bn, compared with $5.594bn.
“This is a solid sales result reflecting a strengthening food and liquor comparable sales growth in each successive quarter, along with the acquisition of ALH and incorporating our MGW business in Queensland,” said CEO Roger Corbett. We continue to drive all areas of our business, and provide customers with a combination of greater convenience, freshness, quality, best ranges and consistently lower prices across all divisions.”
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By GlobalDataOur general merchandise divisions including BIG W, Dick Smith, Dick Smith’s Powerhouse’s and Tandy performed well. The fourth quarter this year, relative to last year was impacted by the Federal Government’s family assistance payments. Overall the market remains highly competitive and slightly tighter than the prior year,” said Corbett.
