Supermarket giant Woolworths Limited (ASX:WOW) has reported 4.9 per cent growth in its first quarter sales but cautioned that conditions continue to be challenging.
The company posted sales of $14.597 billion in the quarter, compared to $13.91 billion the year before.
Woolies has called the result a solid start to the year in a period that saw the company gain more market share and customer numbers.
The company has confirmed that it expects its full year net profit to ease to between 2 and 6 per cent growth.
In the 2011 financial year Woolworths generated a net profit $2.1 billion.
