Woolworths reports 5.3 per cent sales increase for first quarter

Woolworths released its quarterly sales results this morning with sales jumping 5.3 per cent higher year on year to $17.2 billion.

Woolworths has reported deflation in their fruit, vegetables and meat categories.

Prices in those categories are starting to decrease which is a positive sign for Australian shoppers.

Overall average prices had increased by two per cent in the quarter which is a lower increase compared to previous quarters.

Coles is expected to release their quarterly sales results in the coming days.

Видео Woolworths reports 5.3 per cent sales increase for first quarter канала Sky News Australia