Woocommerce | Show Excerpt on product Page

// Show Excerpt on Shop Page
add_action( 'woocommerce_after_shop_loop_item', 'woo_show_excerpt_shop_page', 5 );
function woo_show_excerpt_shop_page() {
    global $product;
    echo '<div class="text">'.$product->post->post_excerpt.'</div>';
}