Woolworths Cuts Expectations for Australian Food Earnings
Customers continue to be price conscious when facing cost of living pressures
Australian grocer Woolworths expects fiscal first-half earnings in its key Australian food division to be below previous expectations, as customers continue to be price conscious when facing cost of living pressures.
Woolworths said Wednesday that earnings in Australian food would decline in the first half of fiscal 2025. It said earnings before interest and tax, or Ebit, in the unit would be between 1.48 billion Australian dollars (US$970 million) and A$1.53...
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