Woolworths 1H Sales $30.7bn up 3.2%

Submitted by Share Trading on 31 January, 2013 - 13:01

Australian grocery retailer, Woolworths (ASX:WOW), have reported their first half results for 2012-2013.

  • Woolworths reported $30.7 billion in sales for the first half, up 3.2 percent on the previous corresponding period. (27 weeks to December 30)
  • "This solid first-half result is a reflection of the sharpened focus on our core businesses and better meeting our customers needs," said Woolworths Chief executive Grant O'Brien.
  • Excluding Dick Smith – the Electronics retailer it had sold, the company reaped $30 billion in revenue, up from 4.8 percent on the corresponding figure.
  • "Australian food and liquor performed well, growing by $0.9 billion, and continued to increase market share, customer numbers, basket size and items sold when compared to the same period last year," O’Brien said.
  • Department store division Big W had $2.4 billion in revenue for their first half sales, an increase of 3.6 percent.
  • Woolworths' home improvement brand Masters had a 54.6 percent increase in sales to $6.37 billion.
  • There are now 25 Masters home improvement stores.
  • Woolworths' hotels sales grew 19.3 percent on the previous year to $7.59 billion
  • Woolworths hotels includes 29 hotels in NSW, 2 in QLD, 1 in WA.

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