Woolworths Group (WOW) Q1 2026 TU earnings summary

Executive summary

• Group sales reached $18.5B, up 2.7% year-over-year for the 14 weeks ended 5 October 2025, with eCommerce sales up 13.2% to $2.7B.

• Group sales performance in Q1 FY26 was below aspirations, but customer metrics and sales trends improved over the last month.

• Strategic focus remains on value, convenience, and availability, with progress on long-term priorities.

• Customer NPS increased by 4 points quarter-on-quarter and 3 points year-on-year, led by Australian and New Zealand Food.

• Sales momentum improved in New Zealand Food and BIG W, with a notable recovery in Woolworths Food Retail in Q2 to date.

Financial highlights

• Australian Food sales rose 2.1% to $13,887M, with retail sales up 3.8% excluding tobacco, and e-commerce up 12.9%.

• E-commerce sales delivered or picked up in under two hours grew 39%.

• New Zealand Food sales grew 3.2% year-over-year, with e-commerce up 15.8% and penetration at 16.8%.

• BIG W total sales increased 1%, with gross transaction value up 5.7% and e-commerce up 12.3%.

• Petstock sales rose 15.8%, driven by new stores and acquisitions.

Outlook and guidance

• Cautiously optimistic for the key trading quarter, with a focus on delivering a strong Christmas season.

• No change to previously provided profit guidance; cost discipline and $400 million savings target remain on track.

• Early signs of improvement in items and transactions, but full benefits of strategic actions will take time.

• Woolworths Food Retail sales in Q2 to date up 3.2% (5.0% ex. Tobacco), indicating improved momentum.