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.

Attachments

  • Original document
  • Permalink

Disclaimer

Woolworths Ltd. published this content on 20 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 August 2018 05:30:05 UTC