Australia’s Woolworths posts A$1.39b revenue, down 19% however consistent with forecasts

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Woolworths Group reported a 19% fall in full-year underlying revenue as cost-of-living pressures curbed spending in its Australian Meals and BIG W divisions.

Web revenue after tax got here in at A$1.39 billion for the 12 months to June 29, down from A$1.71 billion a 12 months earlier however broadly matching consensus estimates of A$1.38 billion.

This text was written by Aaron Cutchburt at investinglive.com.

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