In his first public comments since his hostile Senate inquiry appearance, the Woolworths chief executive, Brad Banducci, has delivered worse-than-expected March quarter financial results and admitted the supermarket can “unequivocally improve”.
Sales across the group, which includes New Zealand and Big W stores, increased by 2.8% to $16.8bn in the quarter, while its Australian food sales were up 1.5% to $12.6bn. Average prices dropped 0.2%.
