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Woolworths posts $1.14bn profit in cost-of-living crisis - but CEO says it’s not thanks to rising shelf prices

CEO claims more customers buying more led to $175m surge in net profit as Ooshies craze boosts sales Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Woolworths has reported a $175m surge in net profit to $1.14bn, with profit margins rising and the Ooshies toys promotion boosting sales. The company’s market value surged $2bn and…

Woolworths posts $1.14bn profit in cost-of-living crisis - but CEO says it’s not thanks to rising shelf prices

We haven't written up this one. The Guardian Australia has the full story — the link below goes straight to it.

Read the original at theguardian.com →

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