Woolworths first quarter sales increase 4.9{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea}

 In Australia, NewZealand, Woolworths

Woolworths increased first quarter sales by 4.9 per cent as Australia’s biggest supermarket chain increased market share and customer numbers.

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Sales increased to $14.597 billion for the 14 weeks to October 2, compared with $13.91 billion a year earlier, Sydney-based Woolworths said in a statement on Thursday.

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But the company’s general merchandise division, which includes discretionary retailers, reported a 1.6 per cent sales decline to $1.522 billion.

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Woolworths Ltd, Australia’s largest supermarket chain, posted a 1.9 per cent rise in first-quarter comparable store sales in Australian food and liquor, missing expectations, and said the retail sector continued to be hurt by lack of consumer confidence.​ Sydney Morning Herald – Read more…
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