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BRIEF-Woolworths Sees Sales To Decline Over March To June Across Businesses

Published 24/02/2021, 09:16 am
© Reuters.
WOW
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Feb 24 (Reuters) - Woolworths Group Ltd WOW.AX :

* EXPECT SALES TO DECLINE OVER MARCH TO JUNE PERIOD COMPARED TO PRIOR YEAR IN ALL OUR BUSINESSES

* HY ONLINE SALES UP 10.6% TO $35,845M

* FOR FY, EXPECT COVID-RELATED COSTS TO BE MATERIALLY BELOW PRIOR YEAR

* BEGINNING TO CYCLE INITIAL COVID DEMAND SURGE IN F20, WHICH WILL IMPACT SALES GROWTH IN H2 F21

* Q2 AUSTRALIAN FOOD COMPARABLE SALES UP 7.1%

* FOR H2, WILL CONTINUE TO ACCELERATE DIGITAL SHOPPING

* HOTELS' H2 EBIT IS EXPECTED TO BE WELL ABOVE PCP

* FOR FY, CENTRAL OVERHEADS EXPECTED TO BE $165-175 MILLION BEFORE ENDEAVOUR GROUP RELATED SEPARATION COSTS

* ADDITIONAL ENDEAVOUR GROUP SEPARATION COSTS IN H2 EXPECTED TO BE $45–50 MILLION

* SEPARATION OF ENDEAVOUR GROUP EXPECTED TO BE COMPLETED IN JUNE 2021

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