Woolworths NZ sales rise despite grocery price decrease
Woolworths New Zealand's third quarter sales rose 4.8 percent.
Photo:
Supplied / Woolworths
Woolworths New Zealand's third quarter sales rose 4.8 percent to nearly $2.12 billion.
However, the grocer said there was a 0.3 percent drop in prices, led down by fruit and vegetables, such as potatoes, tomatoes and citrus, which offset increases in meat and dairy in the three months ended 6 April.
"We know Kiwi customers are still facing cost of living pressures, and delivering value continues to be our priority," Woolworths New Zealand interim managing director Pieter de Wet said.
"We've deliberately invested in keeping prices on key products as low as possible for as long as possible for our customers. The decline in average prices this quarter is also a good sign that food inflation is easing which is very welcome news.
"However, we are a small, exporting country that's buffeted by international dynamics, and while rising dairy and beef prices at the moment are great news for our farmers, it's no secret that this has a knock-on effect for kiwi households.
"As we head into the rest of the year, we'll continue to closely monitor our costs and remain focussed on meaningful value for our customers."
De Wet said a near 24 percent increase in eCommerce sales reflected the changing ways New Zealanders were choosing to shop for their food.
"More than ever, customers can shop around and compare prices and products online to choose the best option for their needs and budget.
"We're continuing to grow our eCommerce network so we can provide even more convenience with options like Direct to Boot now available in 52 of our stores."
Overall group sales, which included the Australian business rose 3.2 percent to A$17.3b.
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