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Woolworths declares $2bn share buyback as profit hits $2.07bn

Woolworths has announced a $2 billion share buyback following the demerger of its drinks business Endeavour Group and a strong year at the supermarket checkouts. Its full year results, released on Thursday, showed a 77.8 per cent lift in net profit to $2.07 billion. Physical supermarket sales increased by 2.0 per cent to $39.2 billion, driven by a strong first half, while sales slowed in H2, as expected, as customers shopped more frequently with  smaller basket sizes.   “The sal