Woolworths Holdings LimitedJSE: WHL

WHL: Profits fell despite strong Food growth, as apparel restructuring and investments weighed on results

· Issued by Woolworths Holdings Limited

Group sales rose 5.7% but profits declined due to apparel underperformance and restructuring, while the Food business delivered strong growth and market share gains. The sale of Bourke Street property boosted capital, and significant investments continue in core and growth initiatives.

Based on

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

Earlier from Woolworths

All Woolworths news releases