Woolworths Limited
(ASX:WOW) says its full year sales rose 4.7 per cent to $54.1 billion in the twelve months to June 26.
Australia’s largest supermarket chain’s supermarket division posted 4.6 per cent sales growth to $46.3 billion.
Outgoing CEO Michael Luscombe says the result has been achieved despite deflationary effects, natural disaster disruptions, increased consumer caution and higher domestic savings rates.
Woolworths has made no change to its full year net profit guidance that it cut at the beginning of this year, from up to 11 per cent growth to between 5 and 8 per cent growth.
Woolworths first half net profit fell to a 12 year low of $1.2 billion in the six months to 31 December 2010.
