Woolworths boss Brad Banducci was warned he could face six months in prison or a $5,000 fine if he was held in contempt by the Senate for failing to answer questions at the inquiry into supermarket pricing. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024041...

The Woolworths chief executive repeatedly declined to answer questions about the supermarket giant's profitability, saying some metrics of profitability weren't relevant.

Coles chief executive Leah Weckert was also grilled and said the business had seen an unprecedented amount of cost price increases come through.

ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content adfree on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News Indepth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook:   / abcnews.au  
Follow ABC News on Instagram:   / abcnews_au  
Follow ABC News on Twitter:   / abcnews  

Note: In most cases, our captions are autogenerated.

#ABCNews #ABCNewsAustralia