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Hot Topic Budget 25
Investment
2 mins to read

Woolworths profits dip but shareholders get special dividend

The result was slightly ahead of market expectations in what the company said was a 'challenging year'.

The New Zealand operations and the BigW branded stores were a drag on the group result.

Key points
  • Revenue: A$67.9b, up 3.7%
  • Net profit: A$1.71b, down 3%
  • Main takeaway: Shareholders rewarded with a A$40m dividend after a challenging year for the company. NZ operations still a work in progress. 

Higher costs and slowing sales growth have delivered lower profits at trans-Tasman supermarket chain Woolworths with the full year result also hit hard by impairments for the New Zealand operations and drinks subsidiary the Endeavour Group.

Woolworths' normalised after-tax profit fell 3% to A$1.71

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Lachlan Colquhoun Wed, 28 Aug 2024
Contact the Writer: lachlan@nbr.co.nz
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Key points
  • Revenue: A$67.9b, up 3.7%
  • Net profit: A$1.71b, down 3%
  • Main takeaway: Shareholders rewarded with a A$40m dividend after a challenging year for the company. NZ operations still a work in progress. 
Company profile
Powered by: asx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
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52 Week High
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Woolworths profits dip but shareholders get special dividend
Investment,
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