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1. www.afr.com › companies › retailColes takes the lead. What will Woolworths pull up next?

   www.afr.com › companies › retail

   Feb 28, 2024 · Feb 29, 2024 – 3.00pm. Australia hasn’t had a major grocery price war since 2016, when Woolworths’ new CEO, Brad Banducci, sacrificed profits to invest $1 billion into prices and stores to ...

2. www.abc.net.au › news › 2024/02/19Supermarket industry insiders reveal how Coles and Woolworths ...

   www.abc.net.au › news › 2024/02/19

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   Feb 18, 2024 · It gets a 33 per cent gross profit margin. Normally, if a supplier got its increase, Woolworths buys for $2.20 and sells for $3.30. Woolworths keeps its 33 per cent margin. Everyone gets the same ...

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     Woolworths profits rise, as do the cost of supermarket items during inflation period | 7NEWS

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     Woolworths profits rise, as do the cost of supermarket items during inflation period

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     9news.com.au

     Woolworths boasts $907 million profit

     Feb 22, 2023

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4. www.reuters.com › business › retail-consumerAustralia's Woolworths posts profit rise as price gains ...

   www.reuters.com › business › retail-consumer

   Aug 23, 2023 · Banducci, the Woolworths CEO, said on a media call margins were "an output, not an input" of the company's products and pricing but that it may reinvest some profit into lower prices. ($1 = 1.5542 ...

5. www.9news.com.au › national › woolworths-yearlyWoolworths records substantial profit after big grocery price ...

   www.9news.com.au › national › woolworths-yearly

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   Aug 25, 2022 · 3:47pm Aug 25, 2022. As grocery prices go up around the country, Woolworths has announced a bumper annual profit of $1.5 billion. Despite this, CEO Brad Banducci had hoped for more. "We're always ...

6. www.abc.net.au › news › 2024/02/19Super Power: The cost of living with Coles and Woolworths

   www.abc.net.au › news › 2024/02/19

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   Feb 19, 2024 · In the 2024 season return, Four Corners uncovers the tactics being used by supermarkets to keep the prices high — and the competition out. Coles and Woolworths have reported record profits amid ...

7. www.afr.com › companies › retailColes, Woolworths to gain as food inflation accelerates: UBS

   www.afr.com › companies › retail

   Apr 18, 2022 · Prices for fresh food were up 4.8 per cent and dry groceries were up 3.2 per cent. Inflation was higher for Woolworths at 4.3 per cent in the latest quarter compared with Coles at 3.2 per cent ...

8. People also ask

   Will Woolworths reinvest a profit into lower prices?

   • Banducci, the Woolworths CEO, said on a media call margins were "an output, not an input" of the company's products and pricing but that it may reinvest some profit into lower prices. ($1 = 1.5542 Australian dollars)

   Australia's Woolworths posts profit rise as price gains offset cost

   www.reuters.com/business/retail-consumer/australias-woolworths-posts-nearly-5-rise-annual-profit-2023-08-22/

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   How did inflation affect Woolworths & Coles?

   • Louie Douvis Prices for fresh food were up 4.8 per cent and dry groceries were up 3.2 per cent. Inflation was higher for Woolworths at 4.3 per cent in the latest quarter compared with Coles at 3.2 per cent. However, the inflationary impact is not all positive, say the UBS retail analyst team Shaun Cousins, Jarrod Chisholm and Sam Merrick.

   Coles, Woolworths to gain as food inflation accelerates: UBS

   www.afr.com/companies/retail/coles-woolworths-to-gain-as-food-inflation-accelerates-ubs-20220418-p5ae8p

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   Did Woolworths increase its profits in the last 18 months?

   • An industry insider has told Four Corners that Woolworths has used similar tactics to increase its profits over the last 18 months. Australia has a highly concentrated supermarket sector where Coles and Woolworths control 65 per cent of the grocery market. Australia's supermarket sector is dominated by Coles and Woolworths.

   Supermarket industry insiders reveal how Coles and Woolworths profit

   www.abc.net.au/news/2024-02-19/coles-woolworths-supermarket-prices-profit-four-corners/103469300

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   Does Woolworths pay more if a supplier gets a price increase?

   • Normally, if a supplier got its increase, Woolworths buys for $2.20 and sells for $3.30. Woolworths keeps its 33 per cent margin. Everyone gets the same amount of the pie. But if Woolworths buys at $2.10 and sells for $3.30, it increases its margin to 36.4 per cent. Shoppers pay more, but Woolworths passes on a smaller share of that to suppliers.

   Supermarket industry insiders reveal how Coles and Woolworths profit

   www.abc.net.au/news/2024-02-19/coles-woolworths-supermarket-prices-profit-four-corners/103469300

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   Does Woolworths have a price war?

   • Woolworths’ sales growth has dropped below that of Coles, prompting analysts to suggest it might need to act to improve price perceptions. Australia hasn’t had a major grocery price war since 2016, when Woolworths’ new CEO, Brad Banducci, sacrificed profits to invest $1 billion into prices and stores to win back market share from Coles.

   Coles takes the lead. What will Woolworths pull up next?

   www.afr.com/companies/retail/is-it-time-for-woolworths-to-bring-back-the-double-loop-20240228-p5f8kr

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   How much money does Woolworths make a year?

   • As grocery prices go up around the country, Woolworths has announced a bumper annual profit of $1.5 billion. Despite this, CEO Brad Banducci had hoped for more. "We're always trying to balance doing the right thing for our customers, for our team, for our suppliers and our shareholders," he said.

   Woolworths records substantial profit after big grocery price hikes - 9N…

   www.9news.com.au/national/woolworths-yearly-profit-business-report-supermarket-prices-inflation-costs-vegetables-fruit-meat/49a89953-8cc7-4112-ae63-b0493abf0752

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9. www.reuters.com › business › retail-consumerAustralian grocer Woolworths says inflation is spurring in ...

   www.reuters.com › business › retail-consumer

   Feb 22, 2023 · HY profit rises on strong sales, beats estimate. Cost inflation above recent history. Shares up 2%. SYDNEY, Feb 22 (Reuters) - Top Australian grocer Woolworths Group Ltd (WOW.AX) said an inflation ...