Woolworths New Zealand faced skinnier margins in the 2022 financial year, as rising costs outpaced increased sales at its Countdown supermarket chain.  New Zealand food sales rose 5.8% to $2.7 billion in the 52 weeks ended June 26, but weren't enough to offset rising costs as the supermarket chain's earnings before interest and tax (Ebit) shrank 12.5% to $316 million. Depreciation and amortisation costs rose 8.7% to $295m, and earnings before interest, tax, depreciation and amortisation (Ebitda) fell a more muted 3.

https://businessdesk.co.nz/article/retail/woolworths-nzs-earnings-shrink

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