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28.40 AUD
High 28.81
Low 27.98
Change -0.34%
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A year of business improvement; transformation on track

Group sales from continuing operations up 3.4%

Group EBIT from continuing operations up 9.5% to $2,548 million; Australian Food EBIT up 9.6%

Group NPAT of $1,724 million, up 12.5%

Dividend per share of 103c including 10c special dividend, up 22.6%

Solid progress on key priorities

  • Customer focus driving improved satisfaction and transaction growth across the Group
  • Australian Food delivered strong sales and EBIT growth even with planned investment and ongoing deflation
  • WooliesX starting to deliver on digital and data agenda; CountdownX established in June
  • Endeavour Drinks’ sales continue to outpace market
  • Early progress in BIG W turnaround
  • New strategic alliance with Caltex; IPO or sale of Petrol business actively being pursued
  • 1Store fully rolled out in Woolworths Supermarkets and first phase of ‘Simpler for Stores’ underway

More to do:

  • Being ‘consistently good’ at the fundamentals in Woolworths Supermarkets
  • Delivering increasing convenience for our ‘connected customers’ in-store and online
  • Building momentum in the BIG W turnaround with further reduction in losses expected in FY19
  • Embedding ‘Simpler for Stores’ to deliver sustainable multi-year productivity improvements
  • Further capital management will be considered as part of a successful exit of the Petrol business

View the full results here.

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