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WOOLWORTHS GROUP LIMITED

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Delayed Australian Stock Exchange  -  02:10 2022-08-18 am EDT
39.29 AUD   -0.25%
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Woolworths Group boosts Pride support across Australia

07/01/2022 | 11:32am EDT

Woolworths Group boosts Pride support across Australia.

From the Top End through to the Apple Isle, Woolworths Group has today announced an expansion of its support for LGTBQ+ events across the country.

The partnerships with more than 10 additional events in most Australian States and Territories, strengthens the Group's support of more local and regionally based LGTBQ+ allyship.

Catherine Hunter, Woolworths Group General Manager, Inclusion said: 'We believe that growing LGBTQ+ allyship in regional locations is critical for building a sense of belonging for our team, customers and communities. We have the opportunity to utilise our scale and reach to have a significant impact on the wellbeing and safety of those groups.

'As a partner for events across the country, it means we will be able to involve and engage better with local teams on the ground from across all our business units and brands and create better experiences together for a better tomorrow in the communities in which they operate.

'We look forward to inviting our teams to celebrate and participate in each of these events.'

The events that Woolworths Group has become an official partner for include:

NT: Top End Pride - Katherine Pride Festival and Darwin Pride Festival

QLD: Sunshine Coast Mardi Gras and Brisbane Pride Festival

NSW: Parramatta Pride Picnic and Coastal Twist LGBTQ+ Arts & Culture Festival

VIC: Midsumma Festival and Parade

TAS: TasPride

SA: Adelaide Feast Festival and Adelaide Pride Parade

WA: Albany Pride

These events are in addition to the ongoing engagement of the Proud at Woolworths Group team across Australia, Asia and New Zealand and activities and partnerships to support days of significance such as Wear it Purple Day and RainbowYOUTH in the Group's stores, support offices, distribution centres and local communities.

Woolworths Group was the first retailer to be awarded Gold Tier status for LGBTQ+ workplace inclusion in the Australian Workplace Equality Index (AWEI) Awards, which it has now been recognised with four consecutive years. The AWEI is the definitive national benchmark on LGBTQ+ workplace inclusion, driving best practice and setting a benchmark for Australian employers across all sectors.

In New Zealand, the Groups' supermarkets business, Countdown continues to support our rainbow team and communities and has been recognised with Rainbow Tick accreditation for three years running.

In 2018, Woolworths Group also introduced its Gender Affirmation Policy, which also includes the incorporation of a paid leave component. Team members receive up to two weeks' paid, and two weeks' unpaid leave, to support them as they take the necessary steps to affirm their gender, which was a first for Australian and New Zealand.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 60 870 M 42 107 M 42 107 M
Net income 2022 7 757 M 5 366 M 5 366 M
Net Debt 2022 15 047 M 10 409 M 10 409 M
P/E ratio 2022 6,22x
Yield 2022 2,28%
Capitalization 47 616 M 32 938 M 32 938 M
EV / Sales 2022 1,03x
EV / Sales 2023 0,99x
Nbr of Employees 210 067
Free-Float 99,9%
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Number of Analysts 15
Last Close Price 39,39 AUD
Average target price 37,80 AUD
Spread / Average Target -4,02%
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Bradford Banducci Chief Executive Officer, MD & Executive Director
Stephen Harrison Chief Financial Officer
Gordon McKellar Cairns Independent Chairman
John Hunt Chief Information & Replenishment Officer
Marcin Michal Firek Director-People Reward, Risk & Compliance
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