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Woolworths CEO to Retire After Large Net Loss

Australian grocer Woolworths reported a large half-year loss, with its CEO retiring after 13 years. Despite the loss, the company's interim dividend remains unchanged. Sales in New Zealand were up 1% while sales at Big W declined 6%.

by Mark Eisenberg
Wed, Feb 21, 2024 7:51am
in Business
• 2 mins read
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Woolworths CEO to Retire After Large Net Loss | FinOracle

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Australian Grocer Woolworths Reports Significant Loss, CEO to Retire

Australian grocer Woolworths has reported a significant half-year loss, primarily due to various one-time writedowns, and has announced the impending retirement of its longtime chief executive.

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