Third Quarter Sales Results

• Group sales up 3.2% to $17.3B, driven by solid Australian Food and B2B performance
• eCommerce sales strong, up 15.7% to $2.2B
• Adverse weather events in Queensland and NSW led to additional $20-25M in costs

Woolworths Group Ltd reported a 3.2% increase in third quarter sales to $17.3B, driven by a 3.6% increase in Australian Food sales to $13.1B and a 6.3% increase in Australian B2B sales to $1.4B. eCommerce sales grew 15.7% to $2.2B, with strong performance in WooliesX. However, adverse weather events in Queensland and Northern NSW during the quarter led to additional costs of $20-25M due to higher stockloss, incremental transportation, and damage to the Hervey Bay supermarket. Australian Food sales were supported by a 3.4% increase in Woolworths Food Retail sales and a 15.0% increase in WooliesX sales. Woolworths Supermarkets (store-originated) sales increased 1.4%, or 2.9% excluding Tobacco. eCommerce sales momentum remained strong, up 16.3%, despite temporary disruptions. Australian B2B sales were driven by solid growth in PFD and meat exports. B2B Supply Chain sales also increased 4.3%. The trading environment remained competitive, but customer scores were largely stable during the quarter.

The loss before interest and tax for H2 at BIG W is now expected to be approximately $70 million.