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WOW — Woolworths News Story

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Australia's Woolworths posts 2.7% rise in first-quarter sales

Oct 29 (Reuters) - Australian grocer Woolworths WOW.AX reported a 2.7% rise in first-quarter sales on Wednesday as continued efforts to attract value-conscious customers through lower prices and promotional activity drove solid growth in its local food business.

For the quarter ended October 5, the firm reported group sales of A$18.48 billion ($12.01 billion), higher than A$18.0 billion a year earlier.

That compares with Visible Alpha estimate of A$17.91 billion.

($1 = 1.5389 Australian dollars)

 (Reporting by Shivangi Lahiri and Sneha Kumar in Bengaluru; Editing by Anil D'Silva)

 ((Sneha.Kumar@thomsonreuters.com;))

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