Woolworths Group (ASX:WOW) has announced several changes in its reporting during the FY23 results.

This will include alterations to GP and CODB reporting, in an attempt to reflect all supply chain costs.

The focal change lies in the presentation of gross profit.

Woolworths Group (ASX:WOW) disclosed that the revised treatment will lead to enhanced visibility of overall margins of its products being sold.

The modifications will not affect the group’s earnings before interest and tax, or net profit after tax for the FY23 results.

Another significant revision will be the reallocation of Australian food ecommerce overheads that were previously included in GP to CODB.

Furthermore, the company plans to reclassify the cost of group’s distribution centers from the cost of doing business to GP.

The company also revealed that ‘Woolworths At Work’ will no longer be reported as part of the Australian B2B in the FY23 results.

Woolworths Group is a leading Australian company engaged in retail operations.