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Woolworths sales rise, profits plunge

Woolworths sales rise, profits plunge

Woolworths has released its full year results for the period ended 30 June 2024 (F24), recording higher sales but lower earnings. The retailer’s sales increased 5.6% (normalised: 3.7%) to $67.9 billion, while its net profit plummeted 93.3% to $108 million. Woolworths notes that it incurred significant items of $1.6 billion related to the previously disclosed […]
The post Woolworths sales rise, profits plunge appeared first on Retail World Magazine.

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