Not so great value: Woolworths disappoints, shares drop
Woolworths disappointed investors just a day after his biggest opponent satisfied them.
Woolworths shares have remained on the road for their worst performances for more than six years on Wednesday, and Australia’s largest private employer fell to the lowest level of five months in early operations after a big decline in the full year.
On the contrary, Coles shares, the supermarket and liquor group, almost 8.5 percent on Tuesday after defeating the expectations of earnings on the board, the highest level of all time rose to $ 23.13.
Woolworths’ losses on Wednesday, a net profit of 17.1 percent decreased to $ 1.39 billion after the decrease in the dividend by 21.1 percent after the announcement came after the announcement.
Sales increased by 3.6 percent.
The Executive Board Chairman Amanda Bardwell said Woolworths’ financial performance is well below the expectations and shareholders, and that he took action to replace him.
Michael Simotas, Vice President of Equality Research Research, said to an analyst call, “You are clearly delaying your great opponent with a great difference, probably with the biggest margin we’ve seen for a while,” he said.
Woolworths said that the decline in profit reflects higher financial costs and lower gains in which a number of problems were hit.
The industrial action in the first half cost the group’s $ 95 million, and as new high -tech warehouses departed, it spent $ 73 million dual -running costs.
Woolworths’ business cost has also increased, mostly increased by 4.25 percent for Australian retail team members.
In addition, after a financial performance below expectations, he recorded 569 million dollars of worthwhile, including writing 346 million dollars from Big W.
A Disney Discs Collection Campaign performed low and theft and aggression against Woolworths team members increased in the second half, which took steps to address the company.
In the first eight weeks of 2025/26, Woolworths said Australia supermarket sales increased by four percent compared to the same time last year.
RBC Capital Markets analyst Michael Toner said Coles reported that supermarket sales increased by 7.0 percent in the same period.
Woolworths, “Coles seem to have lost his market share,” he added, he said this was a big difference.
Woolworths will pay 45C final dividends from last year’s 57C payment.
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