Woolworths Climbs to 10-Month High on Masters Exit, Sales Gain

  • Australian food sales rise for first time since end of 2014
  • CEO Brad Banducci says increase ‘isn’t flash in the pan’

Woolworths Ltd. shares jumped to a 10-month high in Sydney after the struggling supermarket chain finalized an exit from its home improvements business and said Australian food sales may be turning around.

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