Woolworths 3Q18 sales rise

Company News

by Anna Napoli

Woolworths (ASX:WOW) has announced its 3rd quarter Australian food sales have grown by 4.7 per cent compared to the same period last year.

Meantime, New Zealand Food’s sales have increased by 3.4 per cent for the quarter to NZ$1.6 billion

Big Ws sales went the other way declining 3.2 per cent for the period.

Woolworths says Big W’s turnaround is still a work in progress, with sales impacted by NSW school holidays and New Years Day.

Shares in Woolworths (ASX:WOW) are trading 0.79 per cent higher to $27.96.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.