Key Facts about Woolworths Group Half-Year Results

Woolworths Group (ASX: $WOW) has released its Half-Year Results Presentation for the 27 weeks ended 31 December 2023. The Group reported mixed performance in the first half, with solid results from Australian Food and Australian B2B somewhat offset by the impacts of a challenging trading environment for New Zealand and BIG W. The presentation also highlighted the Group's focus on delivering value for customers in the second half of the year.

Executive Commentary on Half-Year Results

The Half-Year Results reflect our commitment to creating better experiences for our customers. We have seen strong growth in e-commerce and digital engagement, with a material improvement in WooliesX DAP & EBIT. While there have been challenges, we are making progress on our Group Strategy, with advanced analytics unlocking significant benefits and the marketplace strategy progressing well. We are dedicated to actively contributing to Australia's reconciliation journey through listening and learning, empowering diverse voices, and working together for a better tomorrow.

Summary of Woolworths Group Half-Year Results

Woolworths Group's half-year results showed a mixed performance, with solid results from Australian Food and Australian B2B offset by challenges in New Zealand and BIG W. The Group aims to focus on delivering value for customers in the second half, with a strong emphasis on helping customers spend less and growing their own brand offer. Despite the challenges, the Group is making progress on its strategic agenda and remains committed to contributing to Australia's reconciliation journey. The outlook for the remainder of the year has become more challenging, with sales moderating and lower inflation, but the Group remains dedicated to delivering value for its customers.