Woolworths Group (WOW) Q1 2027 TU earnings summary

Executive summary

• Q1 F27 sales were $19.353B, up 4.7% reported and 5.7% at constant currency; Australian Food was the main growth driver.

• Customer scores remained resilient overall amid cost-of-living pressure, while trading softened in New Zealand Food and BIG W.

Financial highlights

• Australian Food sales rose 6.9% to $14.841B; Australian B2B increased 4.4% to $1.634B.

• New Zealand Food sales grew 2.9% in NZD to NZ$2.251B; AUD-reported sales declined 6.4% to $1.853B.

• Group eCommerce sales were $3.1B, up 16.0%; W Living sales declined 0.7% to $1.380B, or increased 0.3% excluding prior-year MyDeal sales.

• Average prices in Australian Food Retail declined 0.7% excluding Tobacco, reflecting price reductions and fruit deflation, partly offset by higher meat prices.

Outlook and guidance

• October-to-date Australian Food Retail sales were broadly in line with Q1 post-Ooshies trading; focus remained on a strong Christmas and holiday period.

• More than 500 budget-conscious festive products were planned for Christmas; New Zealand Food and BIG W remained focused on rebuilding sales momentum.

• New Zealand improvement was expected to be more weighted to H2; food inflation was expected to remain in very low single digits, subject to fuel and input-cost volatility.