Woolworths first-quarter sales rise 4.7%, in line with forecasts
Australia's largest supermarket chain Woolworths reported a 4.7% rise in first-quarter sales. Group revenue almost exactly matched the Visible Alpha consensus estimate.
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what happened
Woolworths Group, Australia's largest supermarket chain, said on Wednesday that its sales rose 4.7% in the first quarter. According to Reuters, price cuts, a range overhaul and a successful Disney Ooshies collectibles campaign helped sustain growth at its core Australian Food division.
Group sales for the 14 weeks ended October 4 reached A$19.35 billion ($13.60 billion), up from A$18.48 billion a year earlier. The figure was in line with the Visible Alpha consensus estimate of A$19.34 billion. The exchange rate quoted was $1 = 1.4229 Australian dollars.
why it matters
The report brought no surprises, as revenue matched market expectations, so it largely confirms the existing picture rather than changing it. Investors will focus on the durability of consumer spending in Australia and on how retailers handle cost pressures.
market impact
Australian retail: revenue in line with forecasts, limited effect on the market
tags
instruments
sources
- Australian top grocer Woolworths logs 4.7% rise in first-quarter sales — Reuters, 27 October 2026 at 21:37 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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