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.

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