Member log in

Woolworths NZ first quarter sales up

Woolworths Australia yesterday posted a 4.8% increase for its Woolworths, Countdown and Foodtown New Zealand supermarkets.

The ASX-listed company's first quarter results, to October 4, shows sales of $NZ1.3 billion for the company's New Zealand supermarkets and comparable sales of 4.5%, indicating a positive response to its new formats, improved ranging, private label and stock improvements, it said.

Overall food inflation, of 4.3%, reflected easing cost price pressure on produce, perishables and bakery items, the company said.

Overall, Woolworths reported sales of $A13.4 billion in the first quarter, up 7.4% exclusing petrol sales and 4.2% including petrol sales.

Chief executive Michael Luscombe said the result was a solid start to the financial year, reflecting its continued focus and investment to deliver value and enhance the customer experience. 

More by Andrea Deuchrass

Post new comment or question

Login to use your NBR member name
Full HTML is not supported but you can use the following tags in your comments:
Link: <url>link</url>
Quote: <quote>text</quote>