Woolworths Group Ltd (AU:WOW) has released an update.
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Woolworths Group Limited marked its 100th anniversary with a challenging year in 2024, as high inflation and weak consumer sentiment affected sales growth, particularly in discretionary spending at BIG W. Despite these challenges, the company experienced a recovery in customer metrics and trading performance in the fourth quarter, with a 3.7% increase in normalised sales for the financial year. Woolworths continues to leverage its digital and eCommerce platforms, along with a strong store network, serving over 25 million customers weekly, as key competitive strengths.
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