Woolworths Australian Food Sales Rise 6.1% Like for Like
Australian food sales rose 6.1% on a like-for-like basis, ahead of Jefferies’ 5.8% forecast. Total sales grew 6.9%; analyst Michael Simotas said growth moderated to 6.0% in the last six weeks.
Woolworths's trading update pleases Jefferies. Australian food sales growth of 6.1% on a like-for-like basis was ahead of Jefferies's forecast rise of 5.8%. This translates into total sales growth of 6.9%. Analyst Michael Simotas says it implies sales growth moderated to 6.0% in the last six weeks…