May 3 (Reuters) - Woolworths Ltd WOW.AX :
* Woolworths Limited - Q3 sales ending 3 April 2016 WOW.AX
* Australian food and liquor sales for the quarter were $10.7 billion, an
increase of 0.4%
* Easter adjusted comparable sales declined by 0.9% for the quarter
* "Expect to invest an additional $150 million in H2'16 on price, service and
loyalty in Australian supermarkets"
* Currently expect a small loss in general merchandise in FY 2016
* Sales performance in Australian supermarkets continues to be impacted by high
levels of deflation, predominantly from price investment"
* Undertaking significant cost reductions to improve base profitability
* "As this review is currently in progress, it is too early to quantify
financial impact"
* Says total third quarter sales from continuing operations $14.40 billion
versus $14.50 billion
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