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

submitted 1 year ago by [email protected] to c/[email protected]

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.

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[–] [email protected] 6 points 1 year ago (7 children)

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

[–] [email protected] 3 points 1 year ago (4 children)

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.

[–] [email protected] 3 points 1 year ago (1 children)

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.

[–] [email protected] 1 points 1 year ago

Almost certainly, although revenue does not mean profit.

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