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Woolworths Group sales up 5.7%, earnings up 15.8%

Date : 23 August 2023

Soo-Eng Tan

Senior Analyst

Woolworths’ Group sales is up 5.7% to AUD64,294m and EBIT up 15.8% to AUD3,116m in FY23 for the period ended 25 June 2023. The stellar profit delivery is due to a more stable environment, higher sales and benefits of ongoing investments. According to CEO Brad Banducci, excluding direct COVID costs…
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