Woolworths Group Limited reported a positive half-year performance with an overall sales increase of 3.4%, amounting to $37,135 million. The Australian Food segment led this growth with a 3.6% increase in sales to $27,626 million and a 9.9% rise in EBIT, reflecting improved efficiency. The Group's eCommerce arm, WooliesX, saw a significant 14.2% sales growth. BIG W also showed robust performance with a 5.8% increase in GTV, supported by a 35.1% rise in eCommerce. New Zealand Food sales grew by 2.8% in local currency. The Group emphasized cost discipline and strategic sourcing, maintaining a strong ROFE of 27.9%. Woolworths declared a fully franked interim dividend of 45 cents per share. They continued to innovate in digital and eCommerce, partnering with Google to enhance their digital shopping assistant, Olive.
Key Points
Woolworths Group's total sales increased by 3.4% to $37,135 million.
Australian Food segment achieved a sales increase of 3.6%, with total sales reaching $27,626 million.
WooliesX, the eCommerce division, recorded a 14.2% growth in sales.
EBIT for the Australian Food segment grew by 9.9%, driven by improved operational efficiency.
The Group maintained a strong focus on cost discipline and strategic sourcing.
BIG W's Gross Transaction Value (GTV) sales increased by 5.8%, with eCommerce GTV up by 35.1%.
New Zealand Food sales grew by 2.8% in local currency.
Woolworths Group's Return on Funds Employed (ROFE) stood at 27.9%.
The Group's interim dividend was declared at 45 cents per share, fully franked.
Woolworths continued to expand its digital and eCommerce capabilities, with innovations such as a partnership with Google to enhance their digital assistant, Olive.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.