Woolworths Group (ASX: WOW) expects 2HFY24 EBIT growth to be lower than 1HFY24

Mon 27 May 24, 05:08 AM | Team Kalkine

Image source: © Trottmannmarlon | Megapixl.com

Highlights

Founded in 1924, Woolworths Group Limited (ASX: WOW) is an Australia based food, general merchandise and specialty retailer, which operates across Australia and New Zealand. The segments of WOW include Australia Food, Endeavor Drinks, New Zealand Food, BIG W and Hotels.

In the first half of the financial year 2024 (1HFY24), the company recorded around 4.4% YoY rise in group sales to AUD 34,635 million, underpinned by the growth of e-commerce and growth in demand for meat, vegetables and fruits, attributed to better availability in stores and lower prices.

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