Woolworths Group released its full year results for the period ended 28 June 2026.

Woolworths Group CEO Amanda Bardwell said: “The action we have taken in F26 to deliver more value for customers, greater convenience and better execution has improved customer advocacy and sales momentum in our key Australian Food business, particularly in H2. Sales momentum together with strong productivity and cost discipline has delivered solid EBIT growth with an increased contribution from all trading segments.

“Looking ahead, while we expect the challenging economic environment to continue with household budgets remaining under pressure, our strategy to deliver low prices and the best range and convenience gives us confidence we can be first choice for customers while delivering for our team and shareholders in the year ahead.”

Group performance overview

Group sales increased by 3.6% and Group EBIT before significant items increased by 12.7% with all trading segments contributing to growth for the year.

Australian Food sales increased by 4.6% in F26 with sales momentum building in H2 driven by customer investment and improved retail execution. F26 EBIT increased by 8.5%. Excluding the benefit of cycling industrial action in H1 in the prior year and supply chain implementation costs, EBIT would have increased by 4.8%. E-commerce was a highlight, with sales increasing by 18.6% driven by strong On Demand growth with a material DAP improvement in the year.

New Zealand Food sales increased by 2.5% with EBIT increasing by 8.8% on the prior year. After solid progress in H1, lower sales growth driven by a flight to value and disruption from store operating model changes led to a more challenging H2.

Australian B2B sales increased by 4.2% with EBIT up 13.0%. Sales in PFD’s QSR channel remained strong with PC+ delivering growth in Freight, Warehousing and International Services.

W Living sales increased by 1.7% with EBIT of $116 million, up $147 million on the prior year. BIG W returned to profit in F26 with EBIT of $64 million after a loss of $33 million in the prior year reflecting gross margin benefits due to improved stock flow and enhanced Clothing ranges. Petstock F26 EBIT increased by 33.5% with solid underlying growth as well as some benefit from strategic acquisitions completed during the year.

Group NPAT before significant items increased by 15.4% reflecting solid EBIT growth with net finance costs largely unchanged on the prior year. Group NPAT after significant items increased by 18.1%. The final dividend per share of 52 cents increased by 15.6% with the total dividend per share for F26 of 97 cents increasing by 15.5%, in line with NPAT growth.

Group trading performance and outlook

Group sales increased by 3.6% in F26 reflecting solid growth in Australian Food with all segments reporting sales growth on the prior year. In New Zealand Food, growth in New Zealand dollars was more than offset by currency depreciation with Group sales increasing by 4.2% on a constant currency basis.

Average weekly traffic to Group digital platforms increased to 31.5 million in F26, up 7.2% on the prior year. In Q4, digital traffic increased by 13.4% to 33.0 million reflecting enhancements to the app user experience and the rollout of new digital tools to make shopping more convenient for customers. Group e-commerce sales increased by 15.9% with Group e-commerce penetration up 170 bps on the prior year to 15.9%.

Group EBIT before significant items increased by 12.7% with all trading segments delivering EBIT growth on the prior year.

Australian Food sales increased by 4.6% in F26 with EBIT increasing by 8.5%. Sales and EBIT growth rates have been impacted by the non-comparable impact of industrial action in H1 F25 and supply chain implementation costs. Excluding these impacts, F26 sales and EBIT would have increased by 4.1% and 4.8% respectively.

Investment in value, fresh and convenience, and improvements to execution led to improved sales momentum in Woolworths Food Retail with F26 sales growth of 4.5%. In H2, sales growth increased to 5.7%. By category, Fresh and Grocery Food performed strongly with improving trends in Everyday Needs. Excluding the impact of a material decline in Tobacco sales, Woolworths Food Retail F26 sales grew by 5.9% and 6.6% in H2.

E-commerce sales increased by 18.6% in F26 (H2: 22.0%) driven by increased customer investment and continued growth in On Demand propositions. E-commerce DAP increased by 99% with the DAP margin up 165 bps to 4.1% driven by strong sales growth, growth in higher margin propositions and productivity improvements.

Media, wPay, Rewards & Services sales increased by 9.6% driven by Everyday Rewards & Services growth and a solid improvement in Cartology revenue in H2 through a focus on key clients and successful Food events.

Australian Food’s F26 EBIT margin increased by 20 bps to 5.5% primarily driven by a 22 bps reduction in CODB (%) due to improved productivity and cost discipline.

New Zealand Food sales increased by 2.5% in F26 with EBIT increasing by 8.8%. The second half was more challenging with EBIT declining by 7.7%7 on the prior year. A flight to value in H2 and disruption from the rollout of a new store operating model in late H1 impacted the customer experience and sales growth. Gross margin declined on the prior year reflecting customer investment and an increase in stock loss related to the operating model implementation. Together, this led to lower H2 EBIT despite strong cost discipline.

Australian B2B sales increased by 4.2% in F26 with growth from PFD, export meat and PC+ somewhat offset by lower SIW sales reflecting lower Tobacco wholesale sales. PFD sales grew by 5.2% with the QSR channel remaining strong despite some impact from reduced out-of-home spend in the Food Service channel in H2. Australian B2B EBIT increased by 13.0% in F26.

W Living’s F26 EBIT of $116 million increased materially compared to the prior year loss of $31 million. BIG W’s F26 sales increased by 0.9% with EBIT of $64 million. BIG W EBITDA, which excludes the benefit from lower depreciation due to asset impairments in F25, increased by 28.1% reflecting improved gross margin due to higher full price sales and strong cost management. Petstock sales increased by 12.3% reflecting strong eCommerce and own brand growth. EBIT increased by 33.5% due to the strong trading performance as well as a benefit from the acquisition of pet accessories and pet food manufacturing businesses in H2 F25.

Other LBIT of $260 million increased by $49 million compared to the prior year. The increase reflected lower property sales, higher short-term incentive costs and additional costs in H2 associated with the transition of BIG W to a standalone systems platform.

Current trading and outlook

Australian Food (Woolworths Food Retail) total sales increased by 7.6% for the first eight weeks of F27. Sales momentum was further strengthened during the period by the success of the Disney Ooshies collectibles program, which is estimated to have added approximately 1.5-2 pts of incremental sales growth.

New Zealand Food total sales increased by 4.2% for the first eight weeks with improved momentum relative to Q4 reflecting some benefit from Disney Ooshies.

BIG W total sales for the first eight weeks declined modestly on the prior year reflecting ongoing cost-of-living pressures on households, particularly budget customers and weaker trade in the Everyday business.

Ms Bardwell said: “It has been a pleasing start to the year in Australian Food with a continuation of the momentum from Q4 into F27 driven primarily by item growth and supported by the strong performance of the Disney Ooshies collectibles program.

“Customers are expected to remain value-focused in the year ahead and we are committed to limiting the impact of rising costs through low and dependable prices. Wage growth is also expected to remain elevated by historical standards reflecting the current year’s annual wage increase of 4.75% in Australia and progressive changes to pay for our 18 and 19-year-old retail team members.

“These cost pressures challenge us to be even more efficient, leveraging technology to be more productive in order to reinvest back into the business for our customers.

“The Moorebank supply chain precinct is performing well with the NDC fully operational and the RDC ramping up well. As previously disclosed, we expect the benefits from these facilities to materially offset the implementation costs of our ongoing supply chain investments in F27.

“In New Zealand Food, trading conditions are expected to remain subdued. We are focused on restoring sales momentum by delivering more value, further enhancing the range and providing greater convenience to customers to deliver an improved financial performance in F27.

“While trading conditions for BIG W are also expected to remain challenging, our focus will be to build on the progress in F26 through an improved in-store experience, differentiated range and targeted value investments.

“Other segment LBIT for F27 is expected to be approximately $260 – $270 million with lower expected property sales and higher costs associated with the BIG W systems separation.”

Woolworths Group Chair Scott Perkins said: “Our focus on the retail fundamentals has continued to see an improvement in performance and shareholder returns during the year. We remained committed to delivering long-term sustainable growth through a focus on our customers and leveraging our considerable competitive strengths. The Board has declared a final dividend per share of 52 cents bringing the total dividend per share for the year to 97 cents, an increase of 15.5% on the prior year reflecting the increase in NPAT.”