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Woolworths Group Limited: Sales Results and Covid-19 Update

  • April 30, 2020 12:25 PM AEST
  • Team Kalkine

Woolworths Group Limited (ASX:WOW) announced its FY 2020 third quarter sales results for the 13-week period to 5 April 2020.

  • Group sales from continuing operations were $16.5 billion, an increase of 10.7 percent on pcp basis.
  • Group online sales increased by 34 percent on pcp basis, to $817 million.

WOW also provided business update on COVID-19, wherein, it mentioned the measures undertaken by the Company to ensure safety of its team and customers.

The incremental costs that are expected to continue for the remaining quarter are likely to increase and lie in the range of $220 - $275 million for the Group (excluding Hotels) in Q4.

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