ASX:WOWConsumer Retailing
Woolworths (ASX:WOW) Shares Catch Up As Margin Recovery Gains Pace
The market came into Woolworths Group’s results already leaning positive, with the stock up about 15% over three months and finishing today at A$40.18. Yet the real story sits in the profit engine rather than the share price ticker. Group net profit after tax before significant items reached A$1.599b and earnings before interest and tax before significant items rose to A$3.1b, supported by a higher group EBIT margin.
For investors, today’s move feels less like a sudden mood swing and more...