Woolworths has sold almost $15.2 billion worth of goods across its divisions during the March quarter, up 5.3 per cent from a year ago.
The result was driven largely by the retail giant’s core Australian food and liquor business, which lifted sales 5.1 per cent after adjusting for the timing of Easter, to $10.38 billion.
Sales from the company’s petrol business were also up 5.1 per cent to $1.82 billion.
Grant O’Brien, CEO, said the company had grown market share in the division during the quarter.
“Ongoing momentum was evident in our Australian Food, Liquor and Petrol business …,” he said.
“This is evidenced through market share growth and demonstrates the success of the work undertaken to deliver our first strategic priority to extend our leadership in food and liquor, with fresh sales and market share growing faster than grocery.”
Big W sales fell 1.1 per cent during the quarter to $926 million, which Woolworths attributed to efforts to strong competition, price deflation, and efforts to turn around the division.
Sales from the company’s home improvement division were up 29 per cent to $374 million thanks to the continued rollout of Masters stores and strong growth from Home Timber and Hardware.
Woolworths hotels business lifted sales 0.6 per cent to $357 million during the quarter while sales from the company’s New Zealand supermarkets rose 16 per cent o $1.33 billion after gains in the New Zealand dollar offset weak trading conditions.
AAP
