F19 Final Profit and Dividend announcement for the 53 weeks ended 30 June 2019
Progress on key priorities:
- Robust customer scores, especially in Q4
- Improved sales and profit in H2 across the Group
- Solid foundations for all ‘X’ businesses in place; Group Online sales of $2.5 billion with normalised growth of 32% in F19
- Materially improved momentum in BIG W; store and DC closures announced and underway
- Petrol sale and $1.7 billion share buy-back completed; Endeavour Group transaction underway
More to do:
- Maintaining customer focus while progressing our agenda across Woolworths Group
- Delivering increased convenience for customers – Digital, Drive, Same day, Metro, Fresh Made Easy
- Continuing to leverage technology to unlock process improvements; build partnership model
- Delivering cost efficiencies – Simpler for Stores, MSRDC, Smart Store, stockloss
- Completing merger of Endeavour Drinks and ALH; progressing separation of Endeavour Group
Click here to access the full results.
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