Woolworths says supply chain disruptions, shortages, absenteeism and flooding led to financial performance that was below the supermarket giant's aspirations.
Wesfarmers boss Rob Scott and FMG founder Andrew Forrest are likely to be the only Perth-based business leaders at next week's jobs summit in Canberra, with Meg O'Neill a conspicuous absentee.
Shortages on Perth supermarket shelves could last until late March, although the reconnection of the state's rail link with the east is now expected next week.
Retail giant Woolworths has endured one of its most challenging trading periods following the emergence of the highly contagious Delta variant of COVID-19.
Telstra wants to make coronavirus vaccination mandatory for many of its workers, but will be challenged over the possibility of medically exempt workers losing their jobs.
Woolworths boss Brad Banducci has baulked at mandatory coronavirus vaccination for staff despite the Delta strain posing the biggest challenge to maintaining profits.
Woolworths has posted a slight increase in group sales for the third quarter, but food sales declined as trading returned to normal after a surge in coronavirus spending last year.
Woolworths food sales jumped almost 13 per cent in the first quarter of this financial year, a result the supermarket giant says bodes well for the Christmas season.
Woolworths has copped a 1.2 per cent hit to its profits as the coronavirus pandemic drives a wrecking ball through the supermarket giant's hotels division.
Woolworths has reported a 10 per cent jump in food sales at its Australian supermarkets for the third quarter, due to panic buying amid the coronavirus pandemic.
Woolworths has stood down 8,000 workers following the government ban on pubs, clubs and hotels while it has also postponed the separation and spin-off of its Endeavour division until 2021.
Woolworths underpaid its employees by as much as $300 million over almost a decade, only discovering it had been keeping the cash when shocked store managers complained they were earning less than their staff.
Woolworths has raised full-year profit by 7.2 per cent to $1.75 billion after a robust second-half performance by its Australian supermarkets offset softness at Big W and the liquor division.
Supermarket giant Woolworths has lifted third-quarter grocery sales by 4.2 per cent, reaping the benefits of lower deflation and more favourable weather conditions.
Woolworths shares have taken a knock after the supermarket giant reported a disappointing first half and flagged subdued consumer spending for the foreseeable future.
Woolworths has become the first national supermarket chain to dump its $1/litre milk range, with farmers saying Coles and Aldi must follow if they want Australian dairies to survive.
Woolworths has announced the sale of its 540 petrol stations to UK-based EG Group for $1.73 billion, months after BP pulled out of a deal to buy the fuel business.
Retail giant Woolworths has posted a 12.5 per cent jump in annual net profit but has flagged that supermarket sales in the new financial year have come under pressure by the removal of single-use plastic bags.
Shares in Woolworths have risen after the supermarket chain unveiled strong first quarter food sales that continued to outpace the growth of rival Coles.
Woolworths' crucial comparable food sales for the first half have outshone those at fierce rival Coles in a sign that heavy discounting is luring shoppers back.
Woolworths has completed the sale of its profitable Home Timber and Hardware franchise as part of its $1.5 billion exit from the home improvement sector.
Woolworths has slipped to a $1.23 billion full-year loss after a big decline in earnings from its Australian food and drink business and more than $2.6 billion of write-downs.
Struggling supermarket giant Woolworths is slashing 500 jobs and will incur a charge of $959 million in its full year results as it continues restructuring its operations.
