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Number of Woolworths Group Stores (FY2016 – FY2022)

Industry: Hypermarkets, Supermarkets and Hard Discounters
Current: Company Performance

Woolworths Group closed a total of 1,965 stores in FY22
The Group’s sales from continuing operations grew by 9.2% in FY22
Woolworth operates its 1,453 stores primarily in Australia and New Zealand

Woolworths Stores Opened/Shut in a Year

Woolworths Group is one of the largest retailers in Australia and New Zealand which majorly operates in supermarkets. Woolworth operated with 1,453 stores in FY22 down from 3,418 stores in FY21, owing to the demerger of Endeavour Group and Woolworths Group in June 2021. After the demerger, Endeavour Group became the leading retail drinks and hospitality operator in Australia and owned nearly 1,962 stores. The total number of Woolworths stores includes 1,087 Woolworths Supermarkets and Metro Food Stores (including two Summergate stores), 190 Countdown Supermarkets, and 176 BIG W stores.

In FY22 Group sales grew by 9.2%. The EBIT from continuing operations declined by 4.7% in FY22 compared to the prior year, reflecting higher COVID-related costs in Australia and New Zealand as well as BIG W store closures in H1 2022. The Group’s e-commerce sales increased by 39% while the e-commerce penetration reached 11% in FY22.

Woolworths Stores

In FY22 although the number of stores slumped to 1,453, the sales of the Australian Food segment grew by 4.5% YoY to $45,461 million and Australian B2B sales were $3,963 million (a growth of 224.2% YoY), primarily reflecting the acquisition of PFD at the beginning of the period and the first-time inclusion of Endeavour Group partnership revenue. On an underlying basis, all B2B businesses reported higher sales in FY22 despite continued COVID disruptions. In FY22 the New Zealand Food segment’s sales grew by 6.6% YoY to $7,092 million and the BIG W sales decline by 3.3% YoY to $4,431 million.

During the year 2022, the Group also acquired a 65% equity interest in PFD Food Services (PFD), which delivers a range of dry goods, frozen and chilled products, fresh seafood and meat, confectionery, paper products, and cleaning products.

Endeavour Group owns brands like BWS, Dan Murphy’s, ALH Hotels, Jimmy Brings, Langton’s, Paragon Wine Estates, Shorty’s Liquor and Pinnacle drinks.

Woolworths Group owns brands like Woolworths, Big W, Countdown, PFD FoodServices, quantium, wpay, everyday rewards, Woolworths Insurance and PetCulture.

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