24
Woolworths' NZ earnings fall 21%...
(www.stuff.co.nz)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 Aug 2023
24 points (100.0% liked)
Aotearoa / New Zealand
2224 readers
20 users here now
Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general
- For politics , please use !politics@lemmy.nz
- Shitposts, circlejerks, memes, and non-NZ topics belong in !offtopic@lemmy.nz
- If you need help using Lemmy.nz, go to !support@lemmy.nz
- NZ regional and special interest communities
Rules:
FAQ ~ NZ Community List ~ Join Matrix chatroom ~ Alternate frontends ~ Donate
Banner image by Bernard Spragg
Got an idea for next month's banner?
founded 3 years ago
MODERATORS
Where does the 21% drop in earnings in the title come from? The article says sales increased 4.6%
Wierd, it was the link I clicked on:
Pretty weird to not include their claim in the article.
Turnover is up, profit down, by the sound of it.
The article says what this years NZ profit is, and then says what the Woolworths Australia total profit change is (an increase). It doesn't give us the information to calculate whether NZ profit is up or down. I guess the profit change is the 21% down but it's pretty sloppy article writing to not include your claim in the article.
About on par for Stuff, in other words.
I wonder if some of those cost increases are boosting the Australian parent's revenues? I've seen some house branded stuff go up in price significantly compared to competing products.
Almost certainly, although revenue does not mean profit.