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Intelligent Investor
Intelligent Investor

Woolworths Limited

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By Intelligent Investor · 22 Oct 1999
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Intelligent Investor
By Intelligent Investor ·
22 Oct 1999
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Recommendation

Woolworths Group Limited - WOW
Current price
$30.91 at 16:40 (08 May 2024)
Price at review
$5.10 at (22 October 1999)
All Prices are in AUD ($)
Project 'Refresh' seems to be rejuvenating revenue streams with Woolworths reporting an impressive sales figure of $5.1bn for the quarter to September, up nearly 10% on last year. Supermarket sales increased by 8.6% while the Big W and Dick Smith stores experienced a lower, but still superb, increase of 7.1%. The division that really drove up sales was that of wholesale, experiencing a tasty 73.7% increase in revenue to $165m. All retailers are now getting set for the hectic (hopefully) nine weeks to Christmas. We'll stick by our issue 39 ACCUMULATE recommendation when the share price was $5.38.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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