Woolworths: Result 2015

There’s plenty of profit pain still to come for Woolworths. But there will come a time to buy this wonderful business.

If Woolworths’ transformation program was a clock that started at 12 midday then, by our estimate, it’s now approaching 1pm. Midnight is an age away and it’s barely even lunch time. The analogy is apposite because, with Woolworths’ same-store sales falling 0.9% in the fourth quarter of 2015, Coles and Aldi are eating its lunch.


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