Australia's Woolworths Group gains after rise in annual profit

Woolworths

26/08/2026 01:58

** Shares of Australia's Woolworths Group WOW.AX rise as much as 5.6% to A$41.000, their highest level since early September 2021
** Stock headed for its strongest session since February 25, if trends hold
** Country's top supermarket chain posts FY underlying net profit after tax of A$1.60 billion ($1.15 billion), higher than A$1.39 billion a year ago
** Adds, FY underlying net profit beat Visible Alpha consensus of A$1.55 billion
** Adds, co also raised its final dividend to 52 AU cents a share from 45 AU cents a year ago
** Analysts at Citi said earnings boost was helped by Australian Food Sales, which is up 7.6% for the first eight weeks of 1H27
** Stock up 38.2% YTD, including the session's moves
     
     
($1 = 1.3959 Australian dollars)

(Reporting by Shravya Marakini in Bengaluru)
((shravya.marakini@thomsonreuters.com;))