Woolworths sales growth slows

 In Australia, NewZealand, Woolworths
Woolworths’ sales rose 3 per cent to $16.15 billion in the three months to October 5, the slowest rate of quarterly growth in more than five years, as lower petrol volumes and weak general merchandise sales compounded slowing growth in food and liquor.
Same-store sales in the Australian food and liquor business rose 2.1 per cent – the lowest rate of growth since the fourth quarter 2013 – compared with 2.5 per cent in the previous corresponding period and 2.5 per cent in the June quarter 2014.
"While first quarter sales were lower than expected, we are confident that our trading plans will improve momentum in the second quarter, which includes the key Christmas period," said Woolworths chief executive Grant O’Brien.  Sydney Morning Herald – Read more…

Recent Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.