Woolworths New Zealand revenues hit $8.2b

Woolworths New Zealand revenues hit $8.2b
Group CEO Amanda Bardwell expects positive momentum in New Zealand to continue. (Image: NZME)
Staff reporters
Woolworths has reported an earnings rebound in its New Zealand segment.The Australian-based supermarket company posted earnings for the 12 months to June 29 on the Australian Securities Exchange (ASX) on Wednesday.After adjusting for the removal of a 53rd week in 2024, total sales from the New Zealand Food segment, which includes Woolworths stores, the franchised Super Value and FreshChoice brands and eCommerce, grew 3.4% to $8.2 billion.Gross margin rose 11 basis points to 22.7% and earnings before interest and taxes (ebit) rose to $150m, acco...