Australian retailer Woolworths' sales grow 8% to $31,894 in H1 FY22

"While the far-reaching impacts of COVID resulted in one of the most challenging halves we have experienced, we ended H1 strongly with positive trading momentum and helped our customers enjoy a much-needed Christmas celebration and festive holiday season. Omicron created new challenges in early January with a record number of team members isolating and material supply chain and stock flow issues. However, having learned from the Delta outbreak, we responded with agility and are gradually moving into a more consistent operating rhythm,” Woolworths Group CEO, Brad Banducci, said.

"While the focus during the half was firmly on our customers, team, and the broader community, we made good progress on our strategic agenda by selectively investing in building out our connected customer proposition, successfully transitioning from ownership to partnership with Endeavour Group and establishing our Advanced Analytics platform (Q-Retail) in partnership with Quantium. In H2, we remain focused on care for our customers and team, restoring our operating rhythm to realise process improvement benefits and managing the impact of inflation across our end-to-end value chain,” added Banducci.

“We ended H1 strongly with positive trading momentum and helped our customers enjoy a much-needed Christmas celebration and festive holiday season. Omicron created new challenges in early January with a record number of team members isolating and material supply chain and stock flow issues. However, having learned from the Delta outbreak, we responded with agility and are gradually moving into a more consistent operating rhythm,” he explained.

Fibre2Fashion News Desk (RR)