Woolworths AGM

Woolworths’ share price has increased 2% today after the company confirmed that it expects net profit to increase 4-7% in 2015. According to Woolworths chief executive Grant O'Brien sales are improving following the first quarter results that were a fair bit behind those of Coles; food and liquor sales grew 3.9% compared to 5.8% for Coles in the quarter ending 30 September. ‘Second quarter sales are heavily reliant on the next six weeks, but we are encouraged by trading to date’. It was a relief to shareholders that have watched the share price slide around 20% from a high of...

Woolworths’ share price has increased 2% today after the company confirmed that it expects net profit to increase 4-7% in 2015. According to Woolworths chief executive Grant O'Brien sales are improving following the first quarter results that were a fair bit behind those of Coles; food and liquor sales grew 3.9% compared to 5.8% for Coles in the quarter ending 30 September. ‘Second quarter sales are heavily reliant on the next six weeks, but we are encouraged by trading to date’.

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