ASX:WOW

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ASX:WOW

Woolworths CEO Brad Banducci departs amidst financial turmoil

21 Feb 2024 - Woolworths (ASX:WOW) CEO, Brad Banducci, is departing just days after a blow-up in an interview with ABC TV program Four Corners, which examined grocery pricing. Howe…

Woolworths faces statutory loss amid impairments and profit projections

29 Jan 2024 - Retail giant Woolworths is anticipating a statutory loss for the six months ending December. The supermarket group informed the ASX on Monday of impairments totaling …

Coles falls short of Woolies

26 Oct 2023 - Coles (ASX:COL) fell short of matching the September quarter sales performance of its bigger supermarket rival, Woolworths.

Woolworths Group reports 5.3% sales jump in first quarter

25 Oct 2023 - Woolworths Group (ASX:WOW) reported a 5.3% jump in first-quarter group sales, thanks to lower prices and solid demand for fruit, vegetables, and meat.

Woolworths boosts full year dividend by 13% on solid revenue and earnings growth

23 Aug 2023 - Woolworths (ASX:WOW) shareholders are set to benefit from a 13% increase in the full-year dividend as the supermarket giant disclosed robust growth in revenue and ear…

Supermarkets: WOW, COL, MTS and EDV

26 Jul 2023 - Fund Manager Chris Pedersen talks about the population growth rate, job openings, labour costs and the supermarket sector.

UBS supplier survey: Woolworths leads, Coles closing the gap in Australian supermarkets

17 Jul 2023 - According to the 34th UBS Supermarket Supplier Survey, Woolworths (WOW) maintains its lead over Coles (COL) in the Australian supermarket industry. The survey, conduc…

Sharemarket set to finish financial year on positive note

26 Jun 2023 - As the financial year draws to a close, the Australian sharemarket is poised to end in positive territory. The S&P/ASX 200 index has experienced an approximately 11% …

Steady quarter for Woolies, all things considered

03 May 2023 - Supermarket giant Woolworths (ASX:WOW) has topped Coles in reporting an 8% rise in March quarter sales after its rival revealed a 6.5% rise of its own in its quarterl…

Inflation no bother as Woolies steams ahead

23 Feb 2023 - The country’s biggest retailer, Woolworths Group (ASX:WOW), has joined rival Coles in reporting a double-digit boost to profits amid the most inflationary period the …

Woolies dips its paw into the specialty pet game

16 Dec 2022 - No booze, hotels or pokies and no food but more pets for Woolworths as it continues its move out of supermarkets into other areas of the $400 billion a year plus reta…

Major spill in NZ food aisle for Woolies

04 Nov 2022 - Wall Street’s selloff wasn’t the reason for the slide in Woolies (ASX:WOW) shares on Thursday to a new 52-week low – it was the surprisingly weak performance of the c…

Coles finally siphons off petrol Business

23 Sep 2022 - Coles (ASX:COL) is finally out of direct selling of petrol, almost four years after rival Woolies bailed out of the business.

Earnings season wrap, COL, WOW, MTS, WES

31 Aug 2022 - Fund Manager Chris Pedersen looks at earnings season, Coles Group (ASX:COL), Woolworths Group (ASX:WOW), Metcash (ASX:MTS) and Wesfarmers (ASX:WES).

Record revenue but profits flat for Woolies

26 Aug 2022 - Woolworths (ASX:WOW) found profit-making a hard slog in 2021-22 – a 9.2% rise in group revenue – better than inflation – to just over $60 billion, while a record, cou…

Bond Street Bites: APRA, WOW, MYR

27 Jul 2022 - Two notable retirements in the Australian business world yesterday with the nation’s most senior banking regulator, Wayne Byres stepping down as chair of the Australi…

ASX snaps four-day winning streak, closes 0.9% lower

29 Jun 2022 -The Australian sharemarket snapped its four-day winning streak although gains in energy, financials and consumer staples helped minimise the fall. At the closing bell,…

ASX tumbles 7.1% over the week, its worst fall since March 2020

17 Jun 2022 - Australian shares sank again this week as recession fears continued to hit financial markets. The ASX 200 had its worst week since the pandemic started in March 2020,…

S&P 500 falls for 5th day, ANZ, Atlas Arteria, Kelsian, Hub24 on watch: ASX to fall

15 Jun 2022 - Wall Street closed mixed as investors await the Federal Reserve's interest rate hike announcement. ASX entered correction territory. What to look out for locally toda…

Appen's $1.2b offer sparks tech shares, Qantas takes-off: ASX closes 0.7% lower

26 May 2022 - Grocery giants were unpopular today, pushing the consumer staples sector lower as miners fell on underwhelming news about China’s economy. Australian shares had their…

Woolworths (ASX:WOW) to buy 80% stake in MyDeal

20 May 2022 - Supermarket giant Woolworths (ASX:WOW) is set to purchase an 80% stake in online marketplace retailer MyDeal.com.au (ASX:MYD) for $1.05 per share.

Magellan puts Guzman up for $140m sale, Westpac earnings beat, BHP falls: ASX tumbles 1.3% at noon

09 May 2022 - Long duration stocks are off the table today while defensive plays like CSL (ASX:CSL), Telstra (ASX:TLS) and energy stocks like Woodside Petroleum (ASX:WPL) are bucki…

Charting analysis of ASX Consumer Staples

09 May 2022 - Fairmont Equities Managing Director Michael Gable takes a technical look at Woolworths Group (ASX:WOW), Coles Group (ASX:COL), Metcash (ASX:MTS)and Endeavour Group (…

JB Hi-Fi (ASX:JBH) holds back on guidance in uncertain times

04 May 2022 - With inflation at multi-year highs, the cost of essentials like food and fuel are climbing with consumers spending discretionary funds towards services, like travel a…

RBA's supersized hike spooks ASX, closes 0.4% lower

03 May 2022 - Australian banks started to claw back its losses but not enough to see the glimmer of green after the surprise 25 basis point hike to 0.35% versus the expected 15 bas…