New Zealand news & analysis

30 April 2014
Woolworths has reported that Q3 sales increased 5.3% to AU$15,192m in the 13 weeks to 6 April 2014, with 'pleasing momentum' in Australian Food and Liquor demonstrating a continued focus on price and range. Australian Food and Liquor sales up 4.4% to AU$10,382m Despite Q3 this year excluding Easter, Woolworths still managed to increase Australian Food and Liquor like-for-like (LFL) sales by 2.9...
28 February 2014
Woolworths has released its H1 profits for the 27 weeks to 5 January 2014, with net profits after tax from continuing operations before significant items up 6.0%. Australian Food, Liquor and Petrol EBIT up 6.7% to AU$1,766m EBIT for food and liquor increased 6.8% to AU$1,692m and for petrol 4.2% to AU$74m. During the half Woolworths served on average 21m customers a week, up 3.9% YOY. Customers...
06 February 2014
Australian retailer Woolworths announces H1 sales from continuing operations of AUS31.8bn, an increase of 6%.  Improved performance in Food and Liquor A results highlight was an improved performance for the Food and Liquor division, which saw sales grow 4.8%. Alongside a successful Christmas trading period, the 'More Savings Every Day' program has played an important role,  resonating wi...
31 October 2013
Australia's leading retailer, Woolworths, has reported sales up 6.1% for the first quarter of the 2014 financial year, with the supermarket division reporting sales growth of 6.4%. Result underpinned by Australian Food and Liquor business The Australian Food and Liquor business reported sales of AUS$10.4bn for the quarter (+4.5%), with comparable store sales up 2.5% and increases in custo...