Woolworths records 4.3 percent increase in sales

Supermarket giant Woolworths has recorded sales of $59.16b, equating to a 4.3 percent increase in the year ending 30 June despite decreased consumer confidence.

Woolworths’ chief executive Grant O’Brien said that the firm experienced stronger results in the second half of the year as reported by SMH.

"Momentum continues to increase in Australian Food and Liquor with comparable sales growth for the second half higher than the first half and the prior year," O'Brien said.

Woolworths said that that its Australian food and liquor sales rose 6.6 percent to $40.03b throughout the period and its New Zealand grocery division also reported a health increase of 6.9 percent.

The supermarket giant announced earlier this month that it was expecting between a five and six percent increase to full-year profits.


Send this to a friend