Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Woolworths Group Limited
  6. News
  7. Summary
    WOW   AU000000WOW2

WOOLWORTHS GROUP LIMITED

(WOW)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Woolworths : Australia's Woolworths fails to impress with April showing over Coles

04/28/2021 | 07:25pm EDT

April 29 (Reuters) - Australia's biggest supermarket chain Woolworths Group on Thursday offered a less upbeat reading of sales so far in April than rival Coles Group as shopping patterns return to pre-pandemic levels, sending its shares lower.

Coles, Australia's No. 2 grocer, had said in a quarterly trading update a day earlier that grocery sales since the start of April were up 4%, but Woolworths called conditions "volatile" and with sales "broadly flat".

Shares of Woolworths slid 3.6% - its sharpest fall in nearly two months - while Coles shot nearly 5% higher.

The 97-year-old company said its plans to separate its drinks and hospitality business, Endeavour Group, remains on schedule for June.

"It's very volatile out there," Chief Executive Officer Brad Banducci said on a media call.

"The underlying trendline seems a reversion to a more normal shopping pattern. As to the actual number, it's very hard to call it right now," he added, referring to the fourth quarter, which ends in June.

Sales growth at the drinks and hotels business as well as department store BIG W helped offset declines at its foods business in Australia and New Zealand that had seen a strong quarter in the early days of the pandemic due to panic buying.

It expects sales across its businesses to decline in the current quarter, except hotels, which had taken a hit during the lockdowns last year.

Woolworths "should benefit from COVID costs reducing, Hotels ramping up and the EDG demerger but sales outperformance may be slowing faster than we hoped," analysts at Jefferies wrote in client note after the results.

Group sales edged 0.4% higher to A$16.57 billion ($12.92 billion) in the three months to April 4, with e-commerce sales proving a bright spot, accounting for around 8% of sales in Australia.

($1 = 1.2822 Australian dollars) (Reporting by Nikhil Kurian Nainan in Bengaluru and Byron Kaye in Sydney; Editing by Arun Koyyur and Sam Holmes)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
COLES GROUP LIMITED -2.76% 16.54 End-of-day quote.-8.82%
WOOLWORTHS GROUP LIMITED -1.95% 38.3 End-of-day quote.-2.57%
All news about WOOLWORTHS GROUP LIMITED
09/27WOOLWORTHS : launches Everyday Market nationwide to help meet more of Australia's everyday..
PU
09/20WOOLWORTHS : to help administer up to 20,000 vaccine doses for team and family members in ..
PU
09/20WOOLWORTHS : plots path to no new plastic with Australian innovators
PU
09/10WOOLWORTHS : Prices $650 Million Seven-Year Sustainability Linked Euro Bonds
MT
09/08WOOLWORTHS : to Add National Australia Bank Chair to its Board
MT
09/08Woolworths Group Limited Announces Board Changes
CI
09/06WOOLWORTHS : 2021 GRI Index
PU
09/05WOOLWORTHS : 320,000 Australian households worth of waste diverted from landfill as Woolwo..
PU
09/03WOOLWORTHS : 2021 Sustainability Report
PU
09/03WOOLWORTHS : 2021 Sustainability Report Appendix
PU
More news
Analyst Recommendations on WOOLWORTHS GROUP LIMITED
More recommendations
Financials
Sales 2022 58 082 M 42 063 M 42 063 M
Net income 2022 1 638 M 1 186 M 1 186 M
Net Debt 2022 15 139 M 10 964 M 10 964 M
P/E ratio 2022 28,8x
Yield 2022 2,62%
Capitalization 48 356 M 35 018 M 35 019 M
EV / Sales 2022 1,09x
EV / Sales 2023 1,07x
Nbr of Employees 210 067
Free-Float 99,7%
Chart WOOLWORTHS GROUP LIMITED
Duration : Period :
Woolworths Group Limited Technical Analysis Chart | WOW | AU000000WOW2 | MarketScreener
Technical analysis trends WOOLWORTHS GROUP LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 38,30 AUD
Average target price 38,74 AUD
Spread / Average Target 1,16%
EPS Revisions
Managers and Directors
Bradford Banducci Chief Executive Officer, MD & Executive Director
Stephen Harrison Group Chief Financial Officer
Gordon McKellar Cairns Independent Chairman
John Hunt Chief Information Officer
Rob McCartney Chief Medical Officer
Sector and Competitors
1st jan.Capi. (M$)
WOOLWORTHS GROUP LIMITED-2.57%35 923
WALMART INC.-1.32%396 664
SYSCO CORPORATION9.97%41 817
AHOLD DELHAIZE N.V.23.93%34 324
THE KROGER CO.26.54%29 887
TESCO PLC11.45%27 130