Cost-of-living pressures, price cuts and worker strikes have led to "disappointing" earnings for the nation's largest supermarket chain.

Woolworths recorded falling earnings in the 2024/25 financial year, while sales were up 3.6 per cent to $69.1 billion but well short of expectations.

The results reflected the result of a series of challenges, the supermarket giant's chair Scott Perkins said.

"I want to make it very clear to all shareholders that neither your board nor ... the management team is satisfied with recent performance," he told shareholders at the company's annual general meeting on Thursday.

"We have put behind us a period where our teams were distracted by external factors, including a raft of regulatory inquiries, industrial action and CEO succession."

Woolworths had al

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