Woolworths: Interim result 2014

Masters is behind schedule and Big W is struggling, but Woolies' core supermarkets business is chugging along nicely.

You know you’re dealing with a predictable company when it refines its earnings guidance for the full year – four months out – from 4–7% growth to 5–7% and it gets described as an upgrade.

Woolworths boss Grant O’Brien was even more specific, saying that for the company to hit the top of that range, ‘consumer sentiment and consumer activity will have to be in a very strong place’.

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