Business
WHL: Profits fell despite strong Food growth, as apparel restructuring and investments weighed on results
WHL: Profits fell despite strong Food growth, as apparel restructuring and investments weighed on results
About this update from 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.
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