Aug 10 (Reuters) - Woolworths Group Ltd (WOW) :
- REPORTING CHANGES TO BE MADE AT F23 RESULTS
- WILL BE MAKING SEVERAL CHANGES TO ITS REPORTING AT ITS F23 RESULTS
- CHANGES TO GP AND CODB REPORTING WILL RESULT IN ALL SUPPLY CHAIN COSTS BEING REFLECTED IN GP
- CHANGES PRIMARILY RELATE TO PRESENTATION OF GROSS PROFIT
- REVISED TREATMENT WILL RESULT IN BETTER VISIBILITY OF OVERALL MARGINS OF PRODUCTS WE SELL
- CHANGES WILL NOT IMPACT GROUP EARNINGS BEFORE INTEREST AND TAX OR NET PROFIT AFTER TAX FOR F23 RESULTS
- OTHER KEY CHANGE WILL BE TO REALLOCATE AUSTRALIAN FOOD ECOMMERCE OVERHEADS THAT WERE RECORDED IN GP TO CODB
- WILL RECLASSIFY COST OF GROUP'S DISTRIBUTION CENTRES FROM COST OF DOING BUSINESS TO GP
- WOOLWORTHS AT WORK WILL NO LONGER BE REPORTED AS PART OF AUSTRALIAN B2B IN F23 RESULTS
News: WOW Woolworths Announces Reporting Changes To Be Made At FY23 Results
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Mkt cap ! $38.49B | |||
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