5 Largest Australian Companies by Revenue

2. Woolworths Group

Revenue: $41.86 billion

Woolworths Group ranks #2 on our list of 15 Largest Australian Companies by Revenue given the company had revenue of $41.86 billion for 2022 according to companiesmarketcap.com. Woolworths Group is Australia’s largest retailer. For the 14 weeks to October 2, 2022, which is the first quarter of the company’s financial year 2023, the company had group sales of A$16.363 billion, up 1.8% year over year versus first quarter of fiscal year 2022.

Woolworths Group CEO Brad Banducci said, “While year on year sales growth rates were impacted by the cycling of COVID in the prior year, customer shopping behaviours and the trading environment continued to normalise during the quarter. Pleasingly, customer scores have improved compared to H2 F22 but remain a key focus in the lead up to Christmas. In our Food businesses, sales were below the prior year as we cycled strong growth driven by COVID-related restrictions in F21 and F22. Australian Food sales decreased by 0.5% and New Zealand Food sales were down 2.5% compared to the prior year. On a three-year compound annual growth basis, sales in Australian Food were up 5.3% and up 4.7% in New Zealand Food.”