Australian grocer Woolworths posts 19% drop in annual profit
Published Wed, Aug 27, 2025 · 08:32 AM
AUSTRALIA’S Woolworths Group reported a 19 per cent drop in its full-year underlying profit on Wednesday, as lower spending by customers grappling with higher cost of living impacted its Australian Food and BIG W segments.
The country’s top supermarket chain said its underlying net profit after tax was A$1.39 billion (S$1.14 billion) for the year ended June 29, compared with A$1.71 billion reported a year earlier.
That was largely in line with a Visible Alpha consensus estimate of A$1.38 billion. REUTERS
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