Half Year 2022 Woolworths Group Ltd Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Thomas Kierath - Barrenjoey Markets Pty Limited, Research Division - Analyst : My question is on online home delivery. This year on a Delivery Unlimited customer $130. You guys delivered to me over 100x. I think I say $2,000. It's a great deal for me. I guess the question is, it's probably not a great deal for shareholders? Just interested to know how in the future you're going to price for this and whether there are ways that you can -- other than becoming more efficient with the ways you can actually charge more to reflect the higher cost of home delivery?

Question: Ross Curran - Macquarie Research - Analyst : I just got a question around inflation. So New Zealand seems to be a bit ahead of Australia in the inflation journey. Can you talk us through what -- how customers are reacting to inflation over there? Are you seeing adjustments in the basket? Are people preferring to shop say, own brand to try and reduce the cost of grossers for themselves? Or how is it playing through?

Question: Shaun Robert Cousins - UBS Investment Bank, Research Division - Analyst : Just regarding sort of gross margin again. Can you just talk a little bit about where stock loss was in Australian Food? And I think you highlighted at the full year result, it was less than 2.5%. Where do you expect stock loss to get to, particularly given some of the technology initiatives that you've got in place to optimize that? Could we be looking at 2% or possibly even a sub-2% stock loss once the operating environment turns to something a little bit more normal, please? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 22, 2022 / 11:30PM, WOW.AX - Half Year 2022 Woolworths Group Ltd Earnings Call