Brad Banducci says period was ‘challenging’ in first public comments since fiery Senate inquiry hearing as share prices slip
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In his first public comments since his hostile Senate inquiry appearance, the Woolworths chief executive, Brad Banducci, has delivered worse-than-expected March quarter financial results and admitted the supermarket can “unequivocally improve”.
Sales across the group, which includes New Zealand and Big W stores, increased by 2.8% to $16.8bn in the quarter, while its Australian food sales were up 1.5% to $12.6bn. Average prices dropped 0.2%.
Continue reading…Brad Banducci says period was ‘challenging’ in first public comments since fiery Senate inquiry hearing as share prices slipFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastIn his first public comments since his hostile Senate inquiry appearance, the Woolworths chief executive, Brad Banducci, has delivered worse-than-expected March quarter financial results and admitted the supermarket can “unequivocally improve”.Sales across the group, which includes New Zealand and Big W stores, increased by 2.8% to $16.8bn in the quarter, while its Australian food sales were up 1.5% to $12.6bn. Average prices dropped 0.2%.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…