Australia's Woolworths hits over two-month high on quarterly sales beat

Woolworths

01/05/2025 02:09

** Shares of Woolworths WOW.AX rise as much as 2.1% to A$32.22, their highest since February 26

** Stock last up 0.6% at A$31.75

** Australia's largest supermarket chain reports quarterly total group sales of A$17.31 billion ($11.10 billion), higher than analysts' estimates of A$16.64 billion

** Smaller rival Coles COL.AX on Wednesday reported a 3.4% rise in third-quarter group sales

** Citi says Woolworths' online sales growth in its Australia Food business being flat QoQ indicates some online share loss to Coles

** Stock up 5.2% YTD, including moves in current session

($1 = 1.5596 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com))