Investor Presentaiton
Woolworths Group Full Year Results 2022
F23 outlook
Australian Food sales in the first 8 weeks of F23 broadly flat (-0.5%) reflecting the cycling of two years of COVID. 3-yr CAGR
of ~5% remains strong
>
COVID-related costs expected to continue to decline in F23 as conditions normalise. Focus on productivity following
delays over the last three years
>
Food inflation showing no signs of moderation in the short-term. Focused on providing value to all our customers and ensuring
they Get their Woolies Worth
>
H1 F23 New Zealand Food EBIT expected to be materially below the prior year due to ongoing disruption and team absenteeism.
Strong start for BIG W with sales growth of just under 30% in the first 8 weeks of F23 or 3-yr CAGR of ~10%
> Focused on returning to stable operating rhythm and balancing the needs of all stakeholders in F23
Woolworths
Group
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