Woolworths
(ASX:WOW) has announced its first quarter sales results for the 2018 financial year, with a 3.7 per cent increase in sales from the previous period, after opening five new stores so far.
Australian food sales was the driver of growth, with a 4.7 per cent increase for the quarter to $9.6 billion, and BWS drove drink sales up 3.8 per cent to $2 billion this quarter.
Average prices declined by 2.4 per cent due to material price reductions in fruit and vegetables compared to the same quarter last year.
Online sales grew in both Australia and New Zealand, with the rollout of Pick up at all Woolworths and Countown supermarkets.
Voice of Customer scores increased 83 per cent compared to the same quarter in the prior year, and overall customer satisfaction for both online and offline stores is up 79 per cent.
Shares in Woolworths
(ASX:WOW) closed 0.79 per cent higher to $25.30.
