Woolworths’ (ASX: WOW) shares trade lower following release of its FY22 results

Aug 25, 2022

Woolworths Group Limited (ASX: WOW) has announced its results for the period ended 26 June 2022. The company said that the extremely challenging operating environment caused due to supply chain disruptions, flooding, product shortages, and team absenteeism resulted in an inconsistent customer experience and a financial performance below its aspirations for the year. During the period, the Group’s sales grew by 9.2% to AU$60, 849M. 

Some details from the company’s FY22 results are as follows:

  • Basic EPS grew 3.6%, from 119.6 cents in FY21 to 124.0 cents in FY22.
  • EBIT from continuing operations before significant items reduced 2.7% to AU$2,690m in FY22.
  • The Board has declared a final dividend of 53 cents per share, bringing the F22 total dividend to 92 cents per share.

Following the release of Woolworths’ FY22 results, the company’s shares were seen trading 3.342% lower at AU$36.150 per share on ASX at 11:51 AM AEST. 

 

 

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