Woolworths reports slight decline in full-year sales
Woolworths food performed well during the Covid-19 lockdown, but store closures weighed on its Australian operations
24 July 2020 - 08:19
Retail group Woolworths reported on Friday food sales remained resilient during the Covid-19 lockdown, with the group seeing a 1.1% decline in sales during its year to June 28.
This decline is in constant-currency terms, and also adjusts for the fact that the prior year included 53 weeks of trading. Excluding these effects, sales declined an annualised 1.9%...
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