Woolworths' action-packed result

Even price deflation couldn’t prevent Woolworths from reporting a reasonable result. But there’s still the chance of an upgrade if conditions worsen.

New Zealand’s reputation as an extreme sports destination is well-known. But when it comes to supermarkets, all Woolworths’ anxieties reside in Australia. At today’s results presentation, management explained why its New Zealand supermarket business had three advantages over its Australian counterpart.

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