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BRIEF-Woolworths says it does not expect an improvement in losses at BIG W in FY18
August 22, 2017 / 10:34 PM / a month ago

BRIEF-Woolworths says it does not expect an improvement in losses at BIG W in FY18

Aug 23 (Reuters) - Woolworths Ltd

* We do not expect an improvement in losses at BIG W in FY18

* In Australian Food, we expect trading environment to remain competitive in year ahead but also expect to see continued progress

* For first eight weeks of FY18, Australian Food comparable sales growth has been broadly in line with FY17 second half growth rate

* FY18 will be a year of investment for New Zealand Food which will impact profit in short-term Source text for Eikon: Further company coverage:

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