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.