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The Guardian - AU

National

Miles Herbert

Afternoon Update: Woolworths explains profit surge amid cost-of-living crisis; fears for famous seal; and Dolly Parton’s life in quotes

Dolly Parton Woolworths United States Coles

A person walks past a Woolworths supermarket — Woolworths and Coles have previously faced criticism for fattening profit margins during periods of high living costs at the expense of shoppers and suppliers. Photograph: Jaimi Joy/Reuters

Good afternoon.

Woolworths has reported a $175m surge in net profit to $1.14bn, but the supermarket giant’s chief executive, Amanda Bardwell, said it had not done so by lifting shelf prices.

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