Australian supermarket retailer Woolworths has said its fourth-quarter sales are broadly in line with its expectations.
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Chief executive Roger Corbett said sales were “along the lines we would have anticipated”, reported Dow Jones International News.
Woolworths is in a fierce battle for market share with main rival Coles Myer, which has posted strong sales growth recently due to its fuel discount offer.
Corbett added that he saw no reason to change the company’s full-year profit forecast. Woolworths has forecast earnings per share for the year to 30 June of 68 to 70 Australian cents before goodwill and 65 to 67 cents after goodwill.
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