Woolworths Q3 sales growth at 2.8%, Australian Food division up 1.5% to $12.6bn; CEO Banducci cites customer caution due to cost-of-living pressures.
Australia's Woolworths reports Q3 sales growth of 2.8%, with Australian Food division rising 1.5% to $12.6bn. CEO Brad Banducci flags customer caution amid cost-of-living pressures, as shoppers adjust spending patterns. The company anticipates challenging trading conditions in the next 12 months due to rising rents, energy, and insurance bills, as well as the fading prospect of mortgage relief.
May 01, 2024
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