News: WOW Woolworths Says QTRLY Total Group Sales A$ 16,800 Million Versus A$16,338 Million...

May 2 (Reuters) - Woolworths Group Ltd (WOW) :

• QTRLY TOTAL GROUP SALES A$ 16,800 MILLION VERSUS A$16,338 MILLION REPORTED LAST YEAR
• FOCUS FOR REST OF F24 REMAINS ON PROVIDING VALUE FOR OUR CUSTOMERS REFLECTING THEIR COST-OF-LIVING PRESSURES.
• EXPECT TRADING CONDITIONS TO BE CHALLENGING FOR NEXT 12 MONTHS
• QTRLY GROUP ECOMMERCE SALES A$1,931 MILLION VERSUS A$1,530 MILLION REPORTED LAST YEAR
• WELL POSITIONED TO MANAGE CHALLENGING ENVIRONMENT
• QTRLY TOTAL AUSTRALIAN FOOD SALES A$12,578 MILLION VERSUS A$12,300 MILLION REPORTED LAST YEAR
• BIG W SALES DECLINES IN APRIL HAVE BEEN BROADLY IN LINE WITH Q3
• AUSTRALIAN FOOD ADJUSTED TOTAL SALES GROWTH IN APRIL BROADLY IN LINE WITH Q3 WITH INFLATION CONTINUING TO MODERATE
• CONSUMER SENTIMENT IN AUSTRALIA AND NEW ZEALAND HAS BEEN WEAK FOR SOME TIME
• PROCESS FOR DISPOSAL OF PETSTOCK STORES REQUIRED UNDER ACCC UNDERTAKING IS WELL PROGRESSED AND REMAINS SUBJECT TO ACCC APPROVAL
• IN F25, EXPECT TO INCUR A$90 - A$100 MILLION OF INCREMENTAL COSTS ASSOCIATED WITH SITE COMMISSIONING, AMONG OTHERS
• EXPECT MORE STABLE TRADING IN Q4
• CONTINUES TO ENGAGE CONSTRUCTIVELY AND IN GOOD FAITH WITH REGULATORY INQUIRIES AND REVIEWS CURRENTLY UNDERWAY

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