Woolworths Ltd
(ASX:WOW) has reported a 1.8% rise in fourth-quarter same-store sales from its central food and liquor operations, slower growth than in the third quarter.
Total sales from the supermarket chain climbed to $51.7 billion for the year, up 4.2% from the previous year, in line with its guidance for 3-6% growth.
Taking a look at Australian food and liquor, sales for the year increased to $34.7 billion, up 5.1% from the previous year.
The company says they opened 26 new Australian Supermarkets during the year, above the 15 to 25 targeted range.
CEO Michael Luscombe says while it has been a challenging year for the retail sector, the company’s supermarkets division responded well to customer demand for value.
Woolworths posted a profit of $1.8 billion for the year ending 30 June 2009.
