Woolworths must prove the market wrong

The retailer’s board and management believe the company is on track, despite recent poor results. For investors, the proof will be in the pudding.

In reiterating Woolworths' earnings guidance for this financial year chairman Ralph Waters told its annual meeting that the market had drawn conclusions about the group’s outlook that its board didn’t share. Grant O’Brien’s future as Woolworths' chief executive may hinge on which is right.


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