Woolworths Group profits hit $1.97bn as weekly traffic to digital assets increase 40.5%

Not surprisingly, Woolworths Group has reported a revenue increase of 5.7% to $67.3 billion, for the 2021 financial year, with group EBIT growth of 13.7% to $3.66 billion and net profit after tax of $1.97 billion, up 22.9% on FY 2020. The results are for the 12 months to 27 June 2021.

CEO Brad Banducci said that FY 2021 was a significant year in the history of Woolworths Group and “one we can look back on proudly”.