Woolworths' NZ earnings fall 21%... (www.stuff.co.nz)

submitted 3 years ago by luthis to c/newzealand

13 comments fedilink hide all child comments

...And I'm taking partial credit for that. No need to thank me, just keep shopping elsewhere. Everyone keep doing your part.

you are viewing a single comment's thread
view the rest of the comments

[-] Dave 6 points 3 years ago

Where does the 21% drop in earnings in the title come from? The article says sales increased 4.6%

[-] Ilovethebomb 3 points 3 years ago

Woolworths said its New Zealand profit had been impacted by significant cost inflation despite increasing its sales.

Turnover is up, profit down, by the sound of it.

[-] murl 3 points 3 years ago

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.

[-] Ilovethebomb 1 points 3 years ago

Almost certainly, although revenue does not mean profit.

load more comments (2 replies)

load more comments (4 replies)

this post was submitted on 23 Aug 2023

24 points (100.0% liked)

Aotearoa / New Zealand

2240 readers

2 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:

Don't be a dick

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

Dave

RaoulDuke

Dave@piefed.nz