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CEO claims more customers buying more led to $175m surge in net profit as Ooshies craze boosts sales
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Australia — Luca Ittimani
CEO claims more customers buying more led to $175m surge in net profit as Ooshies craze boosts sales
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Woolworths has reported a $175m surge in net profit to $1.14bn, with profit margins rising and the Ooshies toys promotion boosting sales.
The company’s market value surged $2bn and briefly exceeded $50bn, its highest value since 2021, as investors bought in after it reported annual results on Wednesday.
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This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian →
Source: The Guardian · Luca Ittimani. Published 26 Aug 2026, 05:17 am.
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