Woolworths shares surge with a 16% rise in net profit
https://www.abc.net.au/news/2026-02-25/woolworths-shares-surge-as-food-sales-and-profit-beat/106385714
Woolworths shares surge with a 16% rise in net profit
https://www.abc.net.au/news/2026-02-25/woolworths-shares-surge-as-food-sales-and-profit-beat/106385714
25 Comments
Price gouging is profitable, who’d have thunk it
Has Australia ever stepped in to break monopolies?
I’m so confused? Woolworths said they weren’t price gouging us. But then how did their profits rise so dramatically? Surely they wouldn’t lie to us!
Shrinkflation on the selves but not the bottom line.
It’s a good thing that the shareholders are the ones paying for that rise with their grocery prices. Just kidding, the two biggest investors in Woolies are Blackrock and Vanguard, which are American corporations. That’s where your extra money is going.
Those $20 Lindt bunnies must be flying off shelves.
Not good enough, I want the CEO to raise the pick rate of night fill staff to 250 boxes an hour.
Cartel
That’s what colesworth is
Yea but where not price gouging…. We have gone out of our way to not shop at the big two..
Down, down, working class wages are down.
Gee I wonder why inflation is so high
Who would have thought raising prices 100% for a few day/weeks then offering a “half” price discount would be profitable????
I fucking hated my semester of Economics at uni. Was crying with the 76% that failed looking at the results bulletin board (yes I’m old). But it was out of sheer relief I passed. And didn’t have to repeat.
My arsehole of a lecturer never did answer my question (deflected with some patronising bullshit) on why the fuck economists never factor in massive profits in retail, oil, gas, banking when talking about inflation. It always pissed me off.
buT tHeIR mARGin iS oNLy 2%!!
We’re being fucked over
“Excluding the $485 million charge, net profit was up 16 per cent to $859 million, which came in ahead of analysts’ expectations”
Get caught under paying staff? Just price gouge more to pay for it! Wonder how many of the staff or ex staff are paying for their own back pay from buying groceries here
Woo yeah! Let’s rip off our customers so shareholders can get more return. Bonuses for the entire C-Suite.
I mean i know I can’t afford food being recently unemployed for the first time. I have to go to my parents for food. Some people don’t have that luxury
Ugh but they only have such a small profit margin you guys it barely 2 billion 😭 /s
It’s starting to feel like shopping independent – local grocers, farmers markets, etc – is a moral duty for those who have the privilege of access. I’m lucky enough to have an Asian grocer, a butcher and a bakery on my road. People like me who can get off their asses and access these places need to be doing it!! And we need to break the system at the same time for those who can’t
Man I wish our government would govern.
“Evil stays Evil”
Better headline.
They should cap their profits. Making huge profits off food is a bad system.
Not paying for the paper bag next time. They can afford it.
* 16% less staff
* 16% less grams
* 16% less brands
* 16% more cameras
* 16% more gates
* 1,600% more AI
= 16% more profit.