Woolworths: 2015 Q1 sales

Woolworths has shed nearly $3bn of market value since Supermarket superwars – Part 2 from 9 Sep 14 (Hold – $36.48) after announcing lower sales growth than expected for the quarter ending 30 September. The core food and liquor division increased sales by 3.9% to $11bn, with sales slowing in August and September. That’s nothing to worry about in the grand scheme of things despite Coles’ sales growing quicker. Petrol sales fell 3.6% to $1.3bn due to the recent regulatory limits placed on fuel discounts, and there was weak sales growth in New Zealand (just 1.1%). The home improvement business...

Woolworths has shed nearly $3bn of market value since Supermarket superwars – Part 2 from 9 Sep 14 (Hold – $36.48) after announcing lower sales growth than expected for the quarter ending 30 September. The core food and liquor division increased sales by 3.9% to $11bn, with sales slowing in August and September. That’s nothing to worry about in the grand scheme of things despite Coles’ sales growing quicker.

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