Woolworths' NZ earnings up 15% as online sales grow

Woolworths Group's online sales revenue is growing in NZ. (Image: NZME)

Wed, 26 Feb 2025

Growth in online sales helped Woolworths Group's New Zealand segment boost earnings. The grocery retailer reported earnings for the six months to Jan 5 on the Australian Securities Exchange (ASX) Wednesday. The NZ division’s earnings before interest and taxes (ebit) rose 15.2% compared with the prior comparable period to $82 million as total sales rose 2.7% to $4.285 billion.The group's Australian supermarket operation reported a 12.8% decline in ebit. Overall, the group declared a 20.6% drop in net profit after tax to A...

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