Australia · Delayed Price · Currency is AUD Woolworths Group Earnings Call Transcripts
Fiscal Year 2026
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Strong Q3 sales growth led by Australian Food and e-commerce, with a Price Freeze on essentials to support customers amid inflation. EBIT guidance was lowered due to higher fuel costs and value investments, while market conditions remain competitive but rational.
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Group sales and EBIT grew strongly in H1 FY26, driven by cost discipline, e-commerce expansion, and improved execution. One-off payroll remediation costs impacted statutory NPAT, but underlying profitability and margins improved across all segments.
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Q1 FY26 sales growth was modest, with improvements in customer metrics and e-commerce, but challenges remain in non-food categories and store availability. Strategic actions are underway, with cautious optimism for the key Christmas quarter and no change to profit guidance.
Fiscal Year 2025
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The AGM addressed a challenging year marked by lower earnings, supply chain disruptions, and strong shareholder debate on sustainability and governance. Strategic priorities include restoring food business performance, supply chain automation, and digital growth, while the Board reaffirmed its commitment to transparency and ongoing improvement.
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FY 2025 saw modest sales growth but a significant EBIT decline due to cost pressures, industrial action, and competitive challenges. Strategic actions and cost savings are underway, with improved customer scores and a focus on food leadership, e-commerce, and segment turnarounds expected to drive better results in FY 2026.
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Q3 FY25 delivered solid sales growth and stable customer metrics despite weather disruptions and competitive pressures. Australian Food and New Zealand segments showed strong e-commerce and own brand momentum, while BIG W faced profit challenges due to clothing markdowns.
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Group sales grew 3.7% but EBIT fell 14.2% due to industrial action, supply chain costs, and margin pressure from value-seeking customer behavior. E-commerce and digital engagement remain strong, while cost-saving and simplification initiatives are underway to restore profitability.
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Group sales grew 4.5% year-over-year, led by food and e-commerce, but margin pressure from increased promotions and e-commerce mix led to a lower H1 FY25 EBIT outlook. Customer value initiatives and digital engagement remain key, with challenging conditions expected to persist.
Fiscal Year 2024
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The AGM reviewed a challenging year marked by modest sales growth, margin pressures, and increased regulatory scrutiny. Key topics included sustainability, supply chain risks, and shareholder proposals on seafood sourcing, with all board-endorsed resolutions passing and a special dividend announced.
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FY 2024 saw modest sales and EBIT growth amid cost-of-living pressures and competitive markets, with e-commerce and digital engagement driving much of the upside. Australian Food performed well, while New Zealand and BIG W lagged but showed signs of recovery. Early FY 2025 trading is positive, with ongoing focus on productivity and value.