The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Shaun Robert Cousins - UBS Investment Bank, Research Division - Analyst
: Brad and team, maybe just further on the inflation question around Australian Food. Can you just talk a little bit about, given we haven't really seen
food inflation, gosh, maybe for a decade of any sort of way, how do you think about volumes and trading down and the like there? Just maybe just
to amplify your answer previously to Mike's question. I mean, are you looking to wear more of this pressure yourselves? And how do you think this
could actually see the consumer trade down within categories, particularly as the degree of food inflation -- the breadth and the quantum of food
inflation on a long-life basis is quite significant coming through, please?
Question: Thomas Kierath - Barrenjoey Markets Pty Limited, Research Division - Analyst
: You mentioned there that New South Wales and Victoria are doing -- going pretty strongly. Can you just give some comments on the other states
around the country, how they're doing? Is it positive? Yes, just to get a sense of what things might look like when we're back to normal.
Question: Ross Curran - Macquarie Research - Analyst
: I might just ask on BIG W. You called out supply chain, and you're starting to see some issues there. But you remain confident about your Christmas
inventory. Can I just get you to flesh that out maybe a bit? Just what gives you confidence that you will have enough stock for Christmas? And
maybe how long do you think the supply chain issue will last for?
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OCTOBER 26, 2021 / 11:15PM, WOW.AX - Q1 2022 Woolworths Group Ltd Corporate Sales Presentation
Question: Shaun Robert Cousins - UBS Investment Bank, Research Division - Analyst
: Just regarding the store sales in Australian Food, they're down. And you've highlighted some efforts on productivity initiatives to sort of take costs
out of that. I'm just curious around how confident are you that you can actually defend margins in your stores? Or are you going to see some of
this structural shift to online such that you're effectively unable to catch up and that you continue to get some sort of margin pressure in your
stores? So it's really a question around how quickly you'd be able to sort of change your in-store processes, maybe for you, Amanda, Natalie, sort
of take costs out of stores to deal with, stores that generate lower levels of sales.
Question: Shaun Robert Cousins - UBS Investment Bank, Research Division - Analyst
: Yes. I know you guys were pretty hectic at Blacktown, yes, very, very busy.
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