New Zealand news & analysis

A strong Christmas season, focus on shopper experience and restoration to normal trading rhythm helped drive Woolworths Group F23 H1 sales by 4.0% to AUD33,169m (US$22,664m). EBIT grew 18.4% due to reduction of COVID-related costs in the prior year. Australian Food: H1 total sales up 2.5% Woolworths Food Retail (which consists of stores and ecom) sales increased by 2.4% to AUD24,196m (US$16...

In its Q1 results, Costco has reported total revenue growth of 8.1%, despite tough comparatives. Here we explore the factors underpinning this performance and its plans for 2023.    First quarter key numbers: Q1 total revenue up 8.1% to $53.4 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 7.1%, including up 6.5% in the US, 8.3% in Canada and 9.1% in other intern...

American wholesaler, Costco, continues to expand into new international markets. We look at its plans for New Zealand and Sweden. First store opened in New Zealand In September, hundreds queued in the rain to visit Costco’s first store in New Zealand. The 14,800 sq. m store is in Westgate, on the north-western edge of Auckland. It features 800 parking spaces and a fuel station. It becomes o...

Costco’s fourth quarter results revealed a strong finish to the year with total revenue exceeding $220 bn. We look at the factors underlying this performance and what to expect in the year ahead. Fourth quarter and full year key numbers Q4 total revenue up 15.2% to $70.8 bn, with full year revenue up 16% to $222.7 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 1...

Woolworths Group has reported half year sales up 10.6% to AU$35,845m and EBIT up 10.5% to AU$2,092m for the period ending 3 Jaunuary 2021. Strong growth was seen across all businesses, except hotels, with online sales growing across the group by an impressive 78%. Australian Food sales up 10.6% to AU$23,449m Strong sales growth was seen through the half, slowing marginally in Q2. LFL sales ...

Woolworths has shaken up its senior executive team in a move what it described as 'supporting its evolution into a food and everyday needs ecosystem'.  New leadership for Woolworths Supermarkets The current managing director of Woolworths New Zealand, Natalie Davis, will return to Australia and become the new Managing Director of Woolworths Supermarkets. Davis has led the business in New Ze...

Woolworths has released Q3 results for the 13 weeks to 5 April 2020, with sales up 10.7% to AU$16,495m (US$10,797m) and positive growth across all continuing operations. Despite a slow start, the coronavirus pandemic drove a surge in grocery demand and boosted its sales for Q3. Australian Food up 11.3% to AU$11,171m (US$7,312m) Like-for-like (LFL) sales increased 10.3%, benefiting from pant...

Woolworths has doubled its capacity for online grocery deliveries in response to the Coronavirus (COVID-19) outbreak. Preparing for lasting increases to online sales An additional 5,000 third-party couriers will join Woolworths' 800 delivery trucks to deliver online orders to homes. This will enable the retailer to offer more delivery windows from the end of this week. A new temporary 7,000...

Coundown has launched its first darkstore in Auckland, helping the retailer meet the growing demand for ecommerce in the country's largest city. New centre will meet rapidly growing demand Even before the Coronavirus (COVID-19) surge in demand for online grocery deliveries, New Zealand was experiencing some rapid growth in the online channel. The new 8,800 sq m darkstore in Penrose will hel...

Woolworths has released its H1 2020 results with sales from continuing operations up 6.0% to AU$32,410m and EBIT after significant items up 24.2% to AU$1,762m. Australia Food sales up 6.4% to AU$21,200m The impressive growth was underpinned by a 5.1% increase in LFL sales and driven by both transaction growth and an increase in items per basket. Sales were supported by two strong promotiona...