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Woolworths Q1 Total Sales From Cont. Opns Up 7.8%

Woolworths Group Limited (WOW.AX) reported that its group sales for the first-quarter declined 10.1% to A$16.07 billion from A$17.88 billion in the prior year. The prior year results have been restated to reflect the new Australian B2B segment and included A$22 million of external revenue previously classified withing COGS. But, total sales from continuing operations for the quarter were up 7.8%.

In Australian Food, total sales for the first-quarter increased by 3.9% year-over-year to A$12.27 billion.

New Zealand Food's quarterly total sales increased by 9.7% to NZ$2.06 billion from the prior year.

BIG W's total sales in the first-quarter decreased by 17.5% to A$920 million from the previous year.

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