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Woolworths Group Ltd ( (AU:WOW) ) just unveiled an update.
Woolworths Group reported third-quarter group sales of $18.1 billion, up 4.5% year on year, driven chiefly by a 5.9% rise in Australian Food sales and strong eCommerce growth of 20.2%. The company also saw solid contributions from Australian B2B, modest growth in New Zealand Food in local currency, and improving performance in its W Living division, including BIG W and Petstock.
Management highlighted that strategic investment in value, fresh, convenience and execution has boosted sales momentum and customer scores, particularly in metrics such as value for money and product availability. However, they cautioned that rising fuel costs and broader inflationary pressures linked to geopolitical tensions and a slower New Zealand market are increasing uncertainty, prompting a stronger focus on productivity and cost discipline to protect margins and support customers, suppliers and shareholders.
The most recent analyst rating on (AU:WOW) stock is a Hold with a A$34.80 price target. To see the full list of analyst forecasts on Woolworths Group Ltd stock, see the AU:WOW Stock Forecast page.
More about Woolworths Group Ltd
Woolworths Group Limited is a major Australian retail group operating primarily in food and grocery, general merchandise, and B2B food distribution. Through banners such as Woolworths Supermarkets, BIG W and its New Zealand food operations, the company focuses on value, fresh food, convenience and digital channels, serving mass‑market consumers and business customers across Australia and New Zealand.
Average Trading Volume: 2,958,347
Technical Sentiment Signal: Buy
Current Market Cap: A$45.85B
Find detailed analytics on WOW stock on TipRanks’ Stock Analysis page.