Woolworths Group food sales Australia 2015-2024
Woolworths Group in Australia recognized total food sales of around ** billion Australian dollars in financial year 2024. This represented an increase from the previous year and a continuing upward trend since 2015. Headquartered in New South Wales, Australia, Woolworths Group is an Australian retail and finance company known for its operation of Woolworths supermarkets across Australia and New Zealand, as well as BIG W department stores.
Australia’s supermarket landscape
Woolworths, Coles, Aldi, and Metcash (IGA) dominate Australia’s grocery retail market, with Woolworths holding a market share of around ** percent. Its primary competitor, Coles Group, followed with a market share of around ** percent. Over the past decade, the annual revenue of supermarkets and grocery stores in Australia has witnessed steady growth, with the industry remaining resilient throughout the pandemic.
Are food prices spiraling out of control?
Grocery price inflation has been a key topic of contention over the past few years in Australia, with almost ** percent of households viewing grocery product prices as unfair in a 2024 survey. The Consumer Price Index (CPI) of grocery products in Australia rose across most categories in the year to March 2025, with fruit and vegetables seeing an annual growth of *** percent. To save money, many grocery shoppers nationwide hunt for deals and switch between different supermarkets to buy certain products.
Nonetheless, it cannot all be left down to the consumers. From January 2024 to March 2025, the Australian Competition and Consumer Commission (ACCC) conducted an inquiry into the country’s supermarket sector to examine pricing and competitive practices among major retailers, including Woolworths, Coles, and Aldi, to ensure Australians are paying fair prices for groceries. The profit margins of Woolworths and Coles increased in 2024 despite cost-of-living pressures, with some consumers viewing this as evidence of inflationary profiteering. Alongside the ACCC inquiry, the government planned to provide funding to consumer advocacy group CHOICE to create price transparency and comparison reports to provide detailed information to customers to help them save money amid excessive price increases.
