Something happened, now this stock is moving
Woolworths shares (ASX:QAN) made an announcement today, which pushed the stock price higher by 0.1% as at 9am Sydney time.
Supermarket giant Woolworths released strong third quarter sales results this morning despite ongoing supply chain disruptions impacting operations across the country. For the quarter, Woolworths reported 9.7% growth in group sales to $15.123bn, Australian Food sales increased 5.4% in Q3, and group eCommerce sales rose 33.4% to $1.456bn. Woolworths said for the remainder of the second half, the company is ‘focused on returning to a more stable operating rhythm and delivering consistently good shopping experiences for our customers’.
Following today’s announcement, Woolworths shares are now down 0.39% year-to-date.
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