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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.