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BRIEF-Woolworths Posts Q1 Australian Food Sales $12,033 Million

Published 04/11/2020, 08:42 am
Updated 04/11/2020, 09:18 am
© Reuters.
WOW
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Nov 4 (Reuters) - Woolworths Group Ltd WOW.AX :

* QTRLY AUSTRALIAN FOOD COMPARABLE SALES GROWTH 11.5%

* Q1 AUSTRALIAN FOOD SALES $ 12,033 MILLION VERSUS $10,663 MILLION

* EXPECT ELEVATED SALES & COSTS TO CONTINUE FOR REST OF CALENDAR YEAR

* Q1 TOTAL SALES $17,853 MILLION VERSUS $15,903 MILLION

* ALH VENUES WILL REOPEN ON 9 NOV

* TOTAL COVID COSTS CONTINUED TO MODERATE IN Q1'21 TOTALLING $176 MILLION

* OTHER THAN SUPPLY CHAIN, SPEND IN ALL COST CATEGORIES WAS BELOW Q4'20 IN QUARTER

* FOR AUSTRALIAN FOOD, ECOMMERCE SALES INCREASED 100.0% TO $961 MILLION WITH SALES PENETRATION IN QUARTER REACHING 8.0%

* IN Q1'21, $164 MILLION PAID TO REMEDIATE SALARIED TEAM MEMBERS FOR SALARY PAYMENT SHORTFALLS

* DESPITE VICTORIAN CLOSURES, HOTELS WAS PROFITABLE IN Q1 BUT MATERIALLY DOWN ON LAST YEAR

* IN OCT, AUSTRALIAN FOOD COMP SALES GROWTH WAS IN HIGH SINGLE-DIGITS, MODERATING OVER THE MONTH

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