Trailer Magazine

Woolworths on triumphant FY2019

  • Posted on Thursday 5th, September 2019.

Brad Banducci, Woolworths Group CEO, confirms the company made good progress with its transformation across all businesses for the 53 weeks ended 30 June 2019.

Group highlights: sales from continuing operations: $59.984 million (up 3.4 per cent); Earnings Before Interest and Tax (EBIT): $2.724 million (up 5.0 per cent); Australian Food EBIT: $1.857 million (up 3.8 per cent); Net Profit After Tax (NPAT) from continuing operations: $1.752 million (up 7.2 per cent).

Banducci said a number of transactions for the group were completed or have commenced in the last 12 months.

“The sale of Petrol was finalised in April with the proceeds of $1.7 billion returned to shareholders through a share buy-back,” he said. “In July, we announced our intention to merge Endeavour Drinks and ALH, to be followed by a demerger or value-accretive
alternative in calendar year 2020.”

Woolworths reported progress against its key priorities over the last 12 months in creating connected, personalised and convenient shopping experiences.

Rapid online sales growth continued across e-commerce businesses WooliesX (up 31 per cent), CountdownX (up 40 per cent), EndeavourX (up 12 per cent) and BIG W (more than 100 per cent).

“WooliesX had another strong year with online sales growth in Australian Food of 31 per cent (normalised), as we provided our customers with new ways to shop by further scaling-up Pick up, growing Drive (112 Drive ups and Drive thrus at the end of the year) and launching on-demand (Delivery Now live in 38 stores),” Woolworths said in a statement. “Woolworths Rewards membership reached 11.7 million with more ways for customers to earn Rewards points and customer scan rates improving across all banners. In August, we announced a partnership with Takeoff Technologies to roll out three micro fulfilment centres over the next 12 months to better service our customers’ needs for same-day delivery and make the picking process simpler and quicker for our teams.”

Last month, Woolworths committed to $1.8 million loading dock safety upgrades.

(Image: Woolworths Group CEO, Brad Banducci.)

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