Woolworths Limited
(ASX:WOW) has posted first half sales from continuing operations totalling $31.8 billion, up six per cent on the same period a year ago.
CEO Grant O’Brien says the strong result reflected solid Christmas trade and sales growth of 4.8 per cent.
Mr O’Brien flagged a transformation of Big W, which is expected to impact short term sales.
Petrol sales for the half year increased 8 per cent, while home improvement sales jumped by 25 per cent with 38 Masters stores now trading.
Online sales hit $1 billion in value during calendar 2013.
Woolworths reported a net profit of $2.26 billion in fiscal 2013.
