Woolworths

Woolworths reported weak sales growth in the second quarter of 2012. Same-store sales in its food and liquor business grew just 1.1% which, given costs are growing at a greater rate, will lead to margin pressure if faster sales growth doesn’t resume at some point. While there were some temporary industry-wide effects—8% fresh produce price deflation over the quarter and cool December weather—Coles is expected to report stronger growth when it releases sales results tomorrow. Woolworths is peddling hard to make up the ground lost to Coles, which continues to outflank its larger competitor in the marketing war. Yesterday’s...

Woolworths reported weak sales growth in the second quarter of 2012. Same-store sales in its food and liquor business grew just 1.1% which, given costs are growing at a greater rate, will lead to margin pressure if faster sales growth doesn’t resume at some point. While there were some temporary industry-wide effects—8% fresh produce price deflation over the quarter and cool December weather—Coles is expected to report stronger growth when it releases sales results tomorrow.

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