Original article by Carrie LaFrenz
The Australian Financial Review – Page: 15 & 18 : 1-May-26
Woolworths has advised that its supermarket division’s sales rose by 5.9 per cent to $13.8bn in the third quarter of 2025-26. Group sales were up 4.5 per cent to about $18bn for the 13 weeks to 5 April. CEO Amanda Bardwell says the Iran war did not affect shelf prices during the quarter, but she has warned that growing pressure from suppliers is likely to result in higher prices for some grocery products in the final quarter. She adds that fresh foods such as fruit, vegetables, milk and bread are most vulnerable to price increases, due to the impact of rising fuel and fertiliser costs on farmers. Coles will release its third-quarter results today.
CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW, COLES GROUP LIMITED – ASX COL