Woolworths Full Year Result: Shoppers embrace value to counter rising cost of living
23 Aug 2023
Australia’s largest supermarket retailer Woolworths (WOW) posted modestly higher sales and underlying profit growth over the 12 months to 30 June 2023. The final dividend was up 9.4% over the year to 58c a share. The result was boosted by food inflation as well as more consumers eating their meals at home rather than at cafes and restaurants. But in line with other retailers theft was a key issue in the tougher inflationary times.