Woolworths

Woolworths is hoping for an Aerogard-led recovery next year, after poor summer weather led to weak sales of ice creams, soft drinks and insecticides. But it’s ongoing fresh produce price deflation that’s the main problem, with the company reporting zero same-store sales growth in its food and liquor business for the third quarter. That compares with 1.9% in the first quarter and 1.1% in the second. Coles will also show weakening growth when it releases its sales results soon, although it should still outperform its larger rival. Portfolio Point The recommended 5% portfolio limit reflects the company’s current valuation....

Woolworths is hoping for an Aerogard-led recovery next year, after poor summer weather led to weak sales of ice creams, soft drinks and insecticides. But it’s ongoing fresh produce price deflation that’s the main problem, with the company reporting zero same-store sales growth in its food and liquor business for the third quarter.

That compares with 1.9% in the first quarter and 1.1% in the second. Coles will also show weakening growth when it releases its sales results soon, although it should still outperform its larger rival.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles