Revenue ($b) 35.8, up 10.6pc from year-earlier 32.4
Pre-tax profit ($m) 1680 v 1322
Net profit ($m) 1135 v 887
Interim dividend 53c v 46c, payable on April 14
Woolworths chief Brad Banducci plans to widen the supermarkets giant’s performance gap over arch rival Coles by doubling down on e-commerce and using his network of stores to deliver online orders faster to local customers.
Mr Banducci believes as more shoppers buy online the speed of online orders will become more important than cost or range and same-day delivery will become de rigueur.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
