WOW 0.03% $29.89 woolworths group limited

News: WOW Woolworths Sees Continued Progress From Big W In FY19 With Further Reduction In Losses

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    Aug 20 (Reuters) - Woolworths Group Ltd (WOW) :

    • EXPECT CONTINUED PROGRESS FROM BIG W IN FY19 WITH A FURTHER REDUCTION IN LOSSES
    • IN AUSTRALIAN FOOD, SALES IN FIRST SEVEN WEEKS OF Q1'19 SLOWED
    • "FURTHER CAPITAL MANAGEMENT WILL BE CONSIDERED AS PART OF A SUCCESSFUL EXIT OF PETROL BUSINESS."
    • "IN FY19, WE WILL CONTINUE TO INVEST IN COUNTDOWNX TO ENHANCE OUR LEADERSHIP POSITION IN ONLINE"
    • IN AUSTRALIAN FOOD, EXPECT SALES MOMENTUM TO IMPROVE OVER COURSE OF HALF
    • FURTHER INVESTMENT PLANNED FOR ENDEAVOUR DRINKS IN FY19
    • AUSTRALIAN FOOD, COMPARABLE SALES FOR FIRST 7 WKS, UP 1.3%, IMPACTED BY CUSTOMERS ADJUSTING TO PHASING-OUT OF SINGLE-USE PLASTIC BAGS
 
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