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News: WOW Woolworths says it does not expect an improvement in losses at BIG W in FY18

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    Aug 23 (Reuters) - Woolworths Ltd (WOW)

    • We do not expect an improvement in losses at BIG W in FY18
    • In Australian Food, we expect trading environment to remain competitive in year ahead but also expect to see continued progress
    • For first eight weeks of FY18, Australian Food comparable sales growth has been broadly in line with FY17 second half growth rate
    • FY18 will be a year of investment for New Zealand Food which will impact profit in short-term
 
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