Woolworths food sales lift by 4.2% in Q3

Company News

by Rachael Jones

Supermarket giant Woolworths (ASX:WOW) saw food sales improve in its third quarter by 4.2 per cent, benefiting from low deflation and more favourable weather conditions.

Comparable grocery sales for the 13 weeks to March 31 rose 4.2 per cent to $10 billion after adjusting for Easter.

Online sales increased by 34.7 per cent in Q3 2019 to $368 million equivalent to 3.7 per cent of sales.

During the quarter, four new stores were opened, of which one was a Metro, and two stores were closed.

Shares in Woolworths (ASX:WOW) are trading 1.69 per cent higher at $32.51.

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