Woolworths Group Limited (WOW) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Woolworths Group FY26 half-year earnings announcement. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Amanda Bardwell, Managing Director and CEO of Woolworths Group. Please go ahead. Good morning, everyone. Thank you for joining us today for Woolworths Group's half-year results for the 2026 financial year. I'd like to start by acknowledging the traditional custodians of the land on which we meet today, their rung country, and I'd like to pay my respects to Elders past and present. Joining me this morning are Stephen Harrison, our Chief Financial Officer, Annette Carantone, Managing Director of Woolworths Retail, Anna Tadmall, Managing Director of Group Ecom X, Sally Copeland, Managing Director of Woolworths New Zealand, and Dan Hague, Managing Director of BIPW. I will start with an overview of the group's performance in the first half and then provide an update on our medium term strategic priorities. Steve will then cover our financial performance before I conclude with an update on current trading and the outlook for H2. Turning to slide 4, we took deliberate action to rebuild customer momentum during the half through investment in the areas that matter most to our customers, including value, fresh and convenience. We are seeing greater stability across the group, following key leadership changes and structure changes that are better aligned to our priorities and our execution in the half has progressively improved. However, we know we have more to do to deliver the best experiences for our customers. Turning to our financial performance for the half, Group sales in H1 increased 3.4%, with all business...