Woolworths blames Middle East conflict for sluggish performance
Growth slows down in second half Group turnover and concession sales for the period grew by 4.“While trading momentum accelerated in the first half, the war in the Middle East had a pronounced impact on demand, particularly in the fourth quarter, resulting in H2 sales growth slowing considerably to 2.
The second half of the year saw consumers with less money to spend while Woolworths' operating costs increased.
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