ASX:WOWConsumer Retailing
Why Woolworths Group (ASX:WOW) Is Down 9.9% After Trimming Australian Food EBIT Growth Outlook
In its Q3 FY26 update released in late April, Woolworths Group reported A$18.10 billion in group sales, led by solid Australian Food and e-commerce growth but accompanied by softer New Zealand performance and rising cost pressures tied to geopolitics and fuel.
Despite record Everyday Rewards membership of 10.70 million and continued investment in value and technology, management trimmed earnings expectations for Australian Food to mid to high single-digit EBIT growth as higher fuel,...