Tag Archives: results

Metcash half-year results ‘pleasing amid challenges’

Metcash has reported that group revenue increased by 2.2 per cent to $6.2 billion for the half-year ended October 31 with all pillars delivering improved earnings. Food EBIT was up 2.4 per cent to $93 million. Group CEO Jeff Adams said the first-half results were “pleasing in the face of …

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Woolworths reports strong third quarter

The retailers’ continued focus on customer experience is driving solid sales growth, with the Australian food division reporting a sales increase of 4.7 per cent to $9.6 billion in the third quarter. Comparable sales increased by 4.4 per cent, benefitting from the shift in the timing of Easter compared to …

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Woolworths’ customer focus driving comparable-sales growth

Woolworths recorded new highs in voice-of-the-customer (VOC) scores in the September quarter and maintained growth in customer transactions, driving comparable-sales growth of its Australian food division for the quarter despite a material increase in deflation driven by fruit and vegetables. Sales in the food division increased by 4.7 per cent …

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Steady retail results, concerning forecasts

The Australian Bureau of Statistics (ABS) has released its retail trade figures, showing a steady result for the retail industry leading into the last half of 2017. July showed an estimated turnover of 0.3 per cent, which aligns with May and June’s 0.4 per cent increases. “The trend estimate rise …

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Woolworths results show resurgence

An emboldened Woolworths has posted an increase in revenue of 4.5 per cent over 2016-17, to total $36.4 billion, as the retailer benefited from a change of direction and refocused food strategy. The company also posted comparable sales growth of 3.6 per cent over the year, although cost-cutting measures have …

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Woolworths pips Coles on comp sales

Woolworths Group’s first-half results contained good news as far as Australian supermarket sales go. Supermarkets are the future battleground in the Woolworths turnaround and its performance is on the right track, although costly in terms of price investment. Woolworths Group posted a half-year profit of $725.3 million, despite a 13.9 …

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Woolworths releases first-quarter results

Woolworths Group has announced that the company grew 2.2 per cent in the first quarter of financial year 2017. The group’s Australian food division sales grew 1.7 per cent from $9.16 billion to $9.32 billion and comparable sales growth was 0.7 per cent compared with the corresponding period in FY16. …

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