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Woolworths boss ‘anxious’ about Big W stock shortages ahead of Christmas

But despite the positive results, Mr Banducci was downbeat about the future, noting COVID-19 continued to have a “profound impact” on both the business and Australia in general.

Lockdowns will likely continue in one form or another until the end of the year, he said, adding that the country is currently operating in a ‘new normal’ that is unlikely to change until vaccination rates increase.

“Another range of lockdowns, which are not unreasonable to plan on having between now and Christmas, will really ingrain new ways of shopping. That’s a given,” he said. This will mean online grocery shopping will become a more regular occurrence.

Mr Banducci also revealed that shoppers were well and truly over the “slow cooking and baking” phase of the pandemic, with more comfort foods finding their ways into shopping carts currently.

“They’re going for ready-made meals and convenience options. Everyone’s a bit over it, I think,” he said.

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