It was Woolworths’ turn to share its earnings for the last financial year yesterday, and the big takeaway was that its net profits fell to $108 million – a 93% drop on the previous year. That’s down to a $1.5 billion loss racked up by its Kiwi supermarkets. Analysts point out that if it hadn’t been for the issues across the ditch, the company would have posted a $1.7 billion profit. Outgoing boss Brad Banducci was asked about supermarket prices and inflation – a topic of conversation yesterday after new inflation data showed it’s fallen to 3.5%. For the retailer, Banducci said average prices have declined compared to the prior year. So what’s he going to do after finishing up next week? He’s going to work the checkouts in Western Sydney for a few weeks. “There’s something nice in the circularity of it,” he told the Financial Review (paywall)…