Highlights

  • Group sales for Q1 F27 were $19.4 billion, up 4.7%, with Australian Food sales up 6.9%.
  • Group eCommerce sales rose 16.0% to $3.1 billion in the first quarter.
  • F26 Group NPAT before significant items rose 15.4% to $1,599 million.
  • The total F26 dividend was 97 cents per share, fully franked.

Woolworths Group Limited (ASX:WOW) has released the addresses and presentation from its 2026 Annual General Meeting, delivered by Chair Scott Perkins and Group CEO Amanda Bardwell. The meeting reviewed the company's F26 results and provided a trading update for the first quarter of F27.

F26 Results Overview

For F26, Group sales were $71.5 billion, up 3.6%, while Group EBIT before significant items rose 12.7% to $3,105 million. Group NPAT before significant items increased 15.4% to $1,599 million. Group eCommerce sales grew 15.9% to $10.6 billion, supported by On Demand and 60-minute fulfilment. The total F26 dividend was 97 cents per share, fully franked.

Australian Food benefited from improved execution, with more than $100 million invested in lower prices. BIG W returned to profit, with EBIT up $97 million, and Petstock EBIT rose 33.5%. The company also achieved about $400 million in above-store cost savings.

Q1 F27 Trading Update

Group sales for the first quarter of F27 were $19.4 billion, up 4.7%. Australian Food sales rose 6.9% to $14.8 billion, and Group eCommerce sales increased 16.0% to $3.1 billion. New Zealand sales grew 2.9%, while BIG W sales declined modestly.

Ms Bardwell observed that "customers are protecting the food shop but making careful choices around it." The company expects a challenging economic environment to continue, with Christmas trading as the next key focus and a festive range of more than 500 new products.

Safety, Sustainability and Governance

The CEO highlighted rising incidents of violence and aggression against team members, with about 7,800 incidents in FY26. She described this as "unacceptable" and said, "Nobody should feel unsafe doing their job." The company will continue advocating for Workplace Protection Orders in states and territories that have not yet introduced them.

Woolworths reached 100% renewable electricity across its Australian and New Zealand operations and reduced Scope 1 and 2 emissions by 45% against its FY23 baseline. Shareholders considered the re-election of Scott Perkins and Warwick Bray and the election of Jon Alferness and Terry Bowen, with all resolutions receiving majority proxy support. Mr Perkins described the business as "very much back on the front foot."

Key Takeaways

  • Woolworths delivered higher F26 earnings and a 97 cents per share fully franked dividend.
  • Q1 F27 sales grew 4.7%, led by Australian Food and strong eCommerce growth.
  • Management expects the economic environment to remain challenging, with customers watching spending.
  • Team safety and sustainability remain key priorities alongside board renewal.