Woolworths Group

Owner Stefan Heinig is moving executives between his discount chains Woolworth and Tedi; several management changes take effect on October 1, including Mike Adams’s move to Tedi and the appointment of Peter Eszényi to Woolworth. HR leadership will be taken over by Patrizia Aundrup from Tedi. The CEO post at Woolworth has been open since the end of April; sales chief Patrick Theus is seen as an internal candidate, and his responsibilities will be expanded on October 1. » More on wiwo.de

Woolworths reports adjusted net profit up 15.4% to A$1.599bn and adjusted EBIT up 12.7% to A$3.105bn, on group revenue of A$71.5bn. EBIT was around 2% above analyst consensus. The company will pay a fully franked final dividend of 52 cents per share (+15.6%). Growth drivers were the Australian food business (sales +4.6%, H2 momentum 5.7%), the W Living division, which turned to a A$116m profit, and the e‑commerce segment. » More on de.investing.com

Woolworth is recalling four toy products, including “Stretchy Sand” (Watermelon, Blueberry), “Stretchmaus 12 Zentimeter” and “Stretchy Soldat”, because the processed sand may be contaminated with asbestos. The recall applies to all packages and all federal states; customers will be refunded the purchase price even without a receipt. Initial asbestos findings in play sand were reported in Australia and New Zealand, investigations in Europe have also provided indications, and the health risks for children have not yet been conclusively determined. » More on finanzen.net

Woolworths posted a group revenue increase of 5.9% in Q3 FY2026, driven by a 23.8% rise in e‑commerce sales and 5.9% growth in Australian Food. Management is expanding delivery services and bolstering loyalty programs, but warned of direct fuel costs of AUD 15–25m that could weigh on Q4 results. The stock fell 6.68% to USD 34.80 after the earnings call; the company revised its EBIT growth guidance for Australian Food to the mid‑ to high‑single‑digit range. » More on de.investing.com

The ACCC has sued Woolworths, alleging the supermarket temporarily inflated prices on at least 266 products between Sept 2021 and May 2023 before advertising them in the 'Prices Dropped' promotion so discounts appeared larger than genuine. Court documents show many items had been sold at a lower long‑term price for 180 days or more, were raised by at least 15% for short periods, then promoted at a price often higher than the original long‑term price. The ACCC says suppliers often negotiated the promoted price in advance and bore some cost, while Woolworths phased out the program at the end of 2024; Woolworths disputes the claims and the judge probed how consumers interpret 'was/is' pricing. » More on theguardian.com