Woolworths F26 EBIT Up 12.7% Before Significant Items

Woolworths (ASX:WOW) Group reported Group sales of $71,539 million for the 52 weeks ended 28 June 2026, up 3.6% on F25, with Group EBIT before significant items of $3,105 million, up 12.7%, and net profit after tax attributable to equity holders of the parent entity before significant items of $1,599 million, up 15.4%. Significant items of $698 million before interest and tax, comprising a $710 million provision for salaried team member remediation recognised in the first half and $12 million of other items, reduced Group EBIT after significant items to $2,407 million; after-tax significant items of $461 million left net profit after tax attributable to equity holders after significant items at $1,138 million, up 18.1%. Group eCommerce sales rose 15.9% to $10,596 million and Group eCommerce penetration, which the release calculates on Australian Food, New Zealand Food and W Living sales only, increased 170 basis points to 15.9%. The Board declared a fully franked final dividend of 52 cents per share, up 15.6%, taking the total F26 dividend to 97 cents per share, up 15.5%.

By segment, and against F25 comparatives the release states have been restated to move Everyday Market and Healthylife from W Living to Australian Food, Australian Food sales rose 4.6% to $53,852 million and EBIT rose 8.5% to $2,953 million; Woolworths said that excluding the impact of industrial action in the first half of F25, F26 sales would have increased 4.1%, and that excluding that impact and supply chain implementation costs, EBIT would have increased 4.8%. New Zealand Food sales rose 2.5% and EBIT 8.8% in New Zealand dollars, although second-half EBIT declined 7.7% in New Zealand dollars; the company said a flight to value and disruption from the rollout of a new store operating model affected the customer experience and sales growth, and that a gross margin decline reflecting customer investment and higher stockloss related to that implementation together led to lower second-half EBIT despite strong cost discipline. Australian B2B sales rose 4.2% with EBIT up 13.0%, and W Living recorded EBIT of $116 million against a prior-year loss of $31 million, with BIG W returning to profit at EBIT of $64 million after a $33 million loss. Other segment losses before interest and tax of $260 million widened by $49 million. For the first eight weeks of F27, Woolworths Food Retail total sales increased 7.6%, which the company estimated included approximately 1.5 to 2 percentage points of incremental growth from the Disney Ooshies collectibles program; New Zealand Food sales rose 4.2% in New Zealand dollars and BIG W sales declined modestly. Woolworths expects Other segment losses before interest and tax of approximately $260 million to $270 million in F27.