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BRIEF-Woolworths says it does not expect an improvement in losses at BIG W in FY18

Published 23/08/2017, 08:34 am
BRIEF-Woolworths says it does not expect an improvement in losses at BIG W in FY18
WOW
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Aug 23 (Reuters) - Woolworths Ltd WOW.AX

* We do not expect an improvement in losses at BIG W in FY18

* In Australian Food, we expect trading environment to remain competitive in year ahead but also expect to see continued progress

* For first eight weeks of FY18, Australian Food comparable sales growth has been broadly in line with FY17 second half growth rate

* FY18 will be a year of investment for New Zealand Food which will impact profit in short-term

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