Woolworths Limited (ASX:WOW) has defied challenging retail conditions and boosted its third quarter sales by 2.5 per cent to $14.4 billion.
The results generated from Australia's largest retailer were supported by strength in its supermarket and home improvement divisions.
Woolies was also aided by the fastest food and liquor sales growth in almost two years, jumping by 5.6 per cent in the quarter to $9.9 billion.
CEO Grant O'Brien has described the company’s underlying performance as strong but says there is still a lot more work to do in transforming the business.
Woolworths reported a net profit of $1.2 billion in the first half of the 2013 financial year.
