Woolworths Ltd. Turns to Loss After Failing at Home Improvements

  • Net loss of A$1.23 billion is first since listing in 1993
  • CEO Banducci sees “early signs of progress” in turnaround

Woolworths Posts Full-Year Loss, Exits Home Improvements

Woolworths Ltd. slumped to its first annual loss since listing in 1993 because of the cost of exiting its failed home improvements business. 

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