Woolworths Group reported a 19% fall in full-year underlying profit as cost-of-living pressures curbed spending in its Australian Food and BIG W divisions.
Net profit after tax came in at A$1.39 billion for the year to June 29, down from A$1.71 billion a year earlier but broadly matching consensus estimates of A$1.38 billion.
This article was written by Eamonn Sheridan at investinglive.com.