Woolworths Q3 Group Sales Up 2.8%; Anticipates Tough Trading

Woolworths Q3 Group Sales Up 2.8%; Anticipates Tough Trading Conditions For Next 12 Months

Woolworths Group Limited (WOW.AX) reported that its third quarter group sales rose 2.8% to A$16.80 billion from A$16.34 billion in the prior year. Looking ahead, the company said it expects trading conditions to be challenging for the next twelve months due to competition for customer shopping baskets and as inflation returns to a very low single digit range.

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