

MELBOURNE, Jan 31 (Reuters) - Australian supermarket operator Woolworths Ltd reported a 2.5 percent rise in second-quarter same-store food and liquor sales on Thursday and maintained earnings guidance for the year.
The result missed forecasts for a 2.8 percent rise, according to a Reuters survey of seven analysts, and compares with 3.9 percent growth in food and liquor sales at rival Wesfarmers via its Coles supermarkets.
Woolworths and Coles -- which together control over 70 percent of Australia's grocery sector -- have slashed the cost of basic items such as milk, bread and vegetables as they compete.
Woolworths shares reached a five-year high of A$32.06 earlier this week.
(Reporting by Miranda Maxwell; Editing by Richard Pullin) Keywords: WOOLWORTHS SALES/
(Miranda.Maxwell@thomsonreuters.com)(+613 9286 1464)
COPYRIGHT
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.














