Woolworths Boosts Margins Despite Lower Sales Growth vs. Coles

4 Mar 2024

Woolworths Group slashed prices in 2016 to outperform competitor Coles Group. Margins have been boosted by its fast-growing retail media business, its subscription businesses and years of investment in customer loyalty programs. Woolworths’ food sales growth (1.5%) has now dropped below Coles (supermarket sales up 5.8%).