Woolworths Group Ltd Analyst and Investor Call - Petspiration Announcement Transcript

Feb 15, 2024

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Dec 15, 2022 / 12:45AM GMT
Operator

Thank you for standing by, and welcome to the Woolworths Group market update. (Operator Instructions)

I would now like to turn the conference over to Mr. Brad Banducci, Managing Director and CEO of Woolworths Group. Please go ahead.

Bradford Leon Banducci - Woolworths Group Limited - MD, CEO & Executive Director

Good morning, everyone. Before we start the call today, I would like to acknowledge the traditional custodians of the land on which we meet today, the Gadigal people of the Eora Nation. I'd like to pay my respects to Elders past, present and future.

Thank you for joining us today at such short notice to discuss this morning's announcement. Joining me in the room this morning are Stephen Harrison, our Chief Financial Officer; and Bill Reid, our Chief Legal Officer. I would assume you all have had a chance to look through the materials, so I will keep this brief, so we can jump straight into questions.

Today, we announced that we had entered into an agreement to acquire a 55% equity interest in Petspiration Group for a cash

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