Australian retailer Woolworths' supermarket sales jump on panic buying
[BENGALURU] Woolworths Group reported an 11.3 per cent rise in third-quarter supermarket sales on Thursday, led by a surge in demand for groceries and household goods as consumers stockpiled due to the coronavirus outbreak.
Australia's largest supermarket chain said sales at its supermarket division, its biggest money earner, rose to A$11.17 billion (S$10.31 billion) from A$10.03 billion a year earlier.
Comparable sales at the division grew to 10.3 per cent, compared with an Easter-adjusted figure of 4.2 per cent growth last year.
REUTERS
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Cordlife customers push for legal action
France's Casino supermarket chain to axe up to 3,200 jobs
Prada outshines rivals with 16% revenue lift boosted by Miu Miu
Toymaker Hasbro posts quarterly profit beat, slower sales decline