WOW 0.89% $38.36 woolworths group limited

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  1. 137 Posts.
    Aspect Huntley (1st Feb 2008) ~

    WOW’s 2Q and 1H08 sales were below some quite bullish market expectations. Group sales from continuing operations increased 8.6% to $23.9bn for the 27 weeks to December 30, 2007. The rate of growth in headline and comparable store sales in anchor operation - Australian Food & Liquor slowed in 2Q against 1Q.

    Business Impact:

    The slowing rate of growth in comparable sales reflects a strong 2Q07 performance of 6.4% growth. Inflation in 2Q was 2.4% up from “less than 2%” in 1Q. NZ Supermarkets performed well with slowing headline sales in 2Q reflecting reduced trading area as rationalisation continues. BIG W’s robust 1Q performance was not maintained in 2Q and was a little below expectation. After solid growth in 1Q of 16.6% headline and 9.6% in comparable sales, the 2Q performance slowed to 10.6% and 3.6% respectively. There is no change to our FY08 NPAT estimate of $1.61bn following the 1H sales announcement. We remain confident of continued operating margin expansion.

    Recommendation Impact: Recommendation upgraded to Buy.

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$38.00 $38.62 $37.97 $47.95M 1.250M

Buyers (Bids)

No. Vol. Price($)
1 18949 $38.33

Sellers (Offers)

Price($) Vol. No.
$38.36 18069 1
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Last trade - 16.10pm 06/12/2019 (20 minute delay) ?
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