Results, a day after Coles posted $1.1bn profit, show supermarket has used pandemic and inflation to increase the profit from sales
Woolworths’ financial results show it has used the pandemic and inflationary period to not just sell more goods, but also increase the profit from sales, ultimately paid for by shoppers.
This is the highest margin for the groceries division recorded at Woolworths, according to analysis over the past decade when its previous high-margin liquor business is stripped out of calculations., such as UK chain Sainsbury’s.
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