WOW Provides Supply Chain Update and FY20 Guidance

  • Jun 23, 2020 AEST
  • Team Kalkine

Woolworths Group (ASX:WOW) provided a supply chain update and FY20 guidance. Some of the highlights include:

  • Plans on developing 2 new automated distribution centres at Moorebank Logistics Park in NSW
  • Construction anticipated to be completed by the end of calendar 2023 with initial benefits likely to be realised in financial year 2025
  • Expected Pre-tax significant items for FY20 are $591 million and for H2F20 are $460 million
  • Australian Food and Endeavour Drinks sales growth improved in May and June with NZ food sales and BIG W also reporting robust growth in Q4.
  • Expected EBIT to fall between $3.2 billion and $3.25 billion

 


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