Woolworths Group Ltd WOW.AX :
** H1 AUSTRALIAN FOOD EBIT TO SALES 5.6% VS 4.7%
** CONTINUE TO NAVIGATE AN UNCERTAIN CONSUMER AND NATURAL ENVIRONMENT AND EXPECT THIS TO CONTINUE, WITH A SLOWER START TO TRADING IN Q3
** REMAIN CONFIDENT IN PLANS FOR SECOND HALF
** IN AUSTRALIAN FOOD, HIGHER FOOD INFLATION IS LIKELY TO CONTINUE GIVEN ONGOING IMPACT OF DROUGHT
** COSTS WILL CONTINUE TO BE IMPACTED BY ANNUALISATION OF WOOLWORTHS SUPERMARKETS AND METRO ENTERPRISE AGREEMENT
** ONGOING ANNUAL COST OF ADJUSTING TEAM MEMBERS' SALARIES EXPECTED TO BE $35-45 MLN ACROSS GROUP WITH LARGEST IMPACT IN AUSTRALIAN FOOD
** SEE FURTHER UPSIDE IN TOTAL STOCK LOSS AND EXPECT CONTINUED PRODUCTIVITY BENEFITS IN AUSTRALIAN FOOD DIVISION
** "ACROSS GROUP, WE WILL CONTINUE TO SCALE-UP X BUSINESSES"
** H1 AUSTRALIAN FOOD COMPARABLE SALES UP 5.1%
** ESTIMATED INTEREST AND OTHER REMEDIATION COSTS OF $80 MLN RELATING TO SALARY PAYMENT SHORTFALL AS AT HY ENDED 5 JAN 2020