Australian grocer Woolworths posts over 15% rise in annual profit
25/08/2026 23:42
Australian grocer Woolworths posts over 15% rise in annual profit Aug 26 (Reuters) - Australia's Woolworths Group WOW.AX on Wednesday posted a 15.5% rise in its full-year profit, driven by its top-earning Australian Food segment and price cuts aimed at attracting customers.
The country's top supermarket chain said its underlying net profit after tax attributable was A$1.60 billion ($1.15 billion)for the year ended June 28, compared with A$1.39 billion reported a year earlier.
That beat a Visible Alpha consensus estimate of A$1.55 billion.
($1 = 1.3965 Australian dollars)
(Reporting by Shivangi Lahiri and Rajasik Mukherjee in Bengaluru; Editing by Vijay Kishore)
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