Aug 27 (Reuters) - Woolworths Group Ltd (WOW) :
- SALES GROWTH IN FIRST EIGHT WEEKS OF F21 HAS BEEN STRONG ACROSS ALL BUSINESSES EXCEPT HOTELS
- OUTLOOK FOR YEAR AHEAD IS UNCERTAIN AND RECENT EVENTS IN VICTORIA HAVE REMINDED THAT SITUATION REMAINS CHALLENGING
- FOR F21, CENTRAL OVERHEADS EXPECTED TO BE ABOUT $160 MILLION
- AUSTRALIAN FOOD SALES HAVE REMAINED STRONG IN FIRST EIGHT WEEKS OF F21 WITH TOTAL SALES INCREASING BY 11.9%
- BIG W SALES GROWTH REMAINS STRONG IN FIRST EIGHT WEEKS OF F21, INCREASING BY 21.1%
- FOR FIRST EIGHT WEEKS OF FY21, INCREMENTAL COVID-RELATED COSTS ABOUT $107 MILLION (EX. SOME COSTS)
- ASSUME SOME LEVEL OF ELEVATED SALES AND COSTS WILL CONTINUE FOR REMAINDER OF H1 F21
- CURRENTLY 80 HOTELS AND FIVE MANAGED CLUBS REMAIN CLOSED IN VICTORIA
- DESPITE A CONTINUED MATERIAL IMPACT ON SALES IN F21 TO DATE, HOTELS WAS PROFITABLE IN JULY BUT BELOW LAST YEAR
- INVENTORY LEVELS BELOW TYPICAL LEVELS BUT WE EXPECT INVENTORY TO IMPROVE FROM MID-SEPTEMBER
- ESTIMATES TOTAL SALARY PAYMENT SHORTFALL & ASSOCIATED INTEREST, REMEDIATION COSTS OF $500 MILLION
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- News: WOW Woolworths Reports Strong Sales Growth Ex. Hotels In First Eight Weeks Of FY21
News: WOW Woolworths Reports Strong Sales Growth Ex. Hotels In First Eight Weeks Of FY21
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