Woolworths and Bunnings have differing experience of Iran crisis

Australia’s two biggest retailers have been heading in opposite directions over the last few weeks; This is a revealing bifurcation that tells us a lot about the state of the economy.

Amid growing uncertainty and high oil prices, Australia’s largest supermarket chain is feeling pretty complacent.

The share price of Woolworths Group, which owns the eponymous food retailer, has risen. As the next chart shows, Fresh Food People appear to be benefiting from the current crisis.