Woolworths Group Limited (WOLWF) Q3 2025 Earnings Call Transcript

2025-05-02 23:36:05 ET

Woolworths Group Limited (WOLWF)

Q3 2025 Earnings Conference Call

April 30, 2025 8:30 PM ET

Company Participants

Amanda Bardwell - Chief Executive Officer

Dan Hake - Managing Director of BIG W

Stephen Harrison - Chief Financial Officer

Sally Copland - Managing Director of eComX

Paul Harker - Chief Commercial Officer, Australian Food

Conference Call Participants

Michael Simotas - Jefferies Group LLC

Tom Kierath - Barrenjoey

Adrian Lemme - Citigroup Inc.

Shaun Cousins - UBS Group AG

David Errington - Bank of America

Caleb Wheatley - Macquarie Group

Ben Gilbert - Jarden Group Limited

Craig Woolford - MST Marquee

Bryan Raymond - JPMorgan Chase & Co.

Phillip Kimber - E&P Financial Group Limited

Richard Barwick - CLSA Ltd.

Lisa Deng - Goldman Sachs

Presentation

Operator

Thank you for standing by, and welcome to Woolworths Group F2025 Q3 Sales Announcement. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to Ms. Amanda Bardwell, Managing Director and CEO of Woolworths Group. Please go ahead.

Amanda Bardwell

Good morning, everyone. Thank you for joining us today for Woolworths Group’s third quarter sales results for the 2025 financial year. I would like to start by acknowledging the Traditional Custodians of the land on which we meet today, Darug Country, and I pay my respects to Elders past and present.

Joining me this morning are Stephen Harrison, our Chief Financial Officer; Annette Karantoni, our new Managing Director of Woolworths Retail; Paul Harker, Chief Commercial Officer, Australian Food; Sally Copland in her capacity as Managing Director of Group eCommerceX; Pieter de Wet, Interim Managing Director of Woolworths New Zealand; Von Ingram, Managing Director of W Living; and Dan Hake, Managing Director of BIG W.

The Group’s performance in the quarter reflects a continuation of trends from the first seven weeks with solid sales growth within the context of a challenging environment. Weather events in the quarter caused some isolated supply chain disruptions for our stores and we temporarily closed and paused e-commerce services for team and customer safety. However, we worked hard to support affected communities across Queensland and Northern New South Wales.

This included the donation of groceries and essential items to evacuation centers as well as airlifting essential items to Ingham and other communities isolated by floodwaters in partnership with the federal government and the Australian Defence Force. These events have led to additional costs of $20 million to $25 million related to higher stock loss, incremental transportation costs and damage to the Harvey Bay store....

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