Woolworths Group 2024 Annual Report

Sep 18, 2026

Uploaded by Terk

Woolworths Group Limited 2024 Annual Report summarizes group performance for the financial year ended 30 June 2024 and highlights progress against its strategic agenda and Sustainability Plan 2025. It outlines how non-IFRS financial measures are presented, notes limitations in direct comparability, and explains their use by management and directors for assessing business performance, trends, and segment results. The reporting suite references audited sections, including the directors’ report, operating and financial review, remuneration report, and financial statements.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages91

Reading Time3 h 49 min

AccessFree to download

Contents

Section 1 Performance Highlights

About Woolworths Group

Chair Report

CEO Report

Our business model

Our operating context

Group financial performance

Section 2 Business review

Australian Food

Australian B2B

New Zealand Food

BIG W

Addressing climate and nature to support food systems resilience

Managing our risks

Section 3 Directors’ Report

Directors’ Statutory Report

Remuneration Report

Section 4 Financial Report

Independent Auditor’s Report

Section 5 Other information

Shareholder information

Glossary

Company directory

2024 Annual Report Better together for 100 years WOOLWORTHS GROUP LIMITED ABN 88 000 014 675 Contents SECTION 1 Performance Highlights About Woolworths Group 4 Chair Report 6 CEO Report 8 How we work together 10 Our business model 12 Our value chain 14 Our operating context 16 Balancing the needs of all our stakeholders 18 Group financial performance 26 SECTION 2 Business review Australian Food 30 Australian B2B 36 New Zealand Food 38 BIG W 40 Addressing climate and nature to support food systems resilience 42 Managing our risks 62 SECTION 3 Directors’ Report Governance 70 Board of Directors 72 Group Executive Committee 75 Directors’ Statutory Report 78 Remuneration Report 80 SECTION 4 Financial Report Auditor’s Independence Declaration 104 Financial Report 105 Directors’ Declaration 167 Independent Auditor’s Report 168 SECTION 5 Other information Shareholder information 172 Subleases 174 Glossary 175 Company directory 177 100 years of Woolworths Group As we approach our centenary year, we reflect on our proud history, who we are today, and look ahead to the next chapter. 1924 1929 1960 1973 1976 1987 1993 1999 2005 2008 2017 2018 2021 2021 2023 2024 Opened first Australian store Woolworths Stupendous Bargain Basement Opened first New Zealand store located on Cuba Street, Wellington Opened first Woolworths Supermarket located in Warrawong, NSW Woolworths own brand comes to life with development of first own brand products Opened first BIG W located in Tamworth, NSW Launched ‘The Fresh Food People’ Woolworths Supermarkets brand campaign Relisted on the Australian Stock Exchange (ASX) with more than 330,000 investors, after delisting in 1989 Began Project Refresh a multi-year transformation program, involving store renewals and streamlined operations Re-entered the New Zealand market with the acquisition of Progressive Enterprises Limited Launched Everyday Rewards the Group’s rewards and loyalty program Established WooliesX Australian Food’s standalone digital, eCommerce and loyalty business Sale of fuel business with proceeds returned to shareholders via a share buy-back Acquired a majority stake in PFD Food Services one of Australia’s leading B2B food service businesses Completed demerger of Endeavour Group the Group’s drinks and hospitality business Began rebrand in New Zealand from Countdown to Woolworths Acquired a majority stake in Petstock evolving our Everyday Retail strategy Better together for the next 100 years... Image: Team Christmas celebration at our Woolworths Variety Store in Townsville, Qld, 1939. Better together for years This year marks 100 years since Woolworths Group opened its first store on Pitt St in Sydney on Friday, 5 December 1924 and served its very first customers. Some things never change. Service is as important today as it’s always been. Today, over 200,000 hard working team members work across our Group and proudly serve all the communities in which we operate across Australia and New Zealand. As we celebrate our centenary and look ahead to the future, all of our decisions and actions reinforce our purpose to continue delivering long-term, sustainable value for all our stakeholders. Creating better experiences together for a better tomorrow 1 1 2 3 4 5 Image: Team members at reopening of Bethlehem Supermarket in New Zealand, 2023. Woo lworths Group Annual Report 2024 Performance Business D irectors' Financial Other highlights review Report Report information 2 About this report The 2024 Annual Report for the 53 weeks ended 30 June 2024 contains certain non-IFRS financial measures of historical financial performance, balance sheet or cash flows. Non-IFRS financial measures are financial measures other than those defined or specified under all relevant accounting standa

FAQs

What time period does the Woolworths Group 2024 Annual Report cover?

It covers 53 weeks ended 30 June 2024.

Why does the report include non-IFRS financial measures?

Non-IFRS measures provide additional meaningful information about underlying drivers and are used by management and directors as primary measures for assessing performance and segment results.

What limitation is stated about non-IFRS measures when comparing companies?

They may not be directly comparable with other companies’ measures, even though such disclosures are common practice in the industry.

Sep 18, 2026

Uploaded by Terk

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