Customers put more items into their shopping trolleys in the September quarter, lifting Woolworth’s sales by 5.3 per cent, but the Christmas trading outlook is cautious.
The price of meat and fresh produce has eased over the past few months, which saw customers put more items in their shopping trolleys and send Woolworths’ first-quarter sales up 5.3 per cent to $17.2 billion in the September quarter.
“Inflation in our food businesses continued to moderate,” Banducci said in the ASX statement. Yet while customer demand remained resilient, the retailer was “seeing our customers, particularly our saver families and young singles and couples, ever more focused on value in all forms.” The supermarket’s own-brand and private label sales lifted 7.8 per cent, with long-life sales increasing 14.4 per cent as shoppers added pantry items, household care, and milk, cream and cheese to their baskets.
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