it's nothing to do with margin, but rather increase in comparable same store sales.
as per last result, even though Woolies took a hammering on net profit, they turned sales around.
OK-so what does this mean?
Coles reports on AUG 17 and Wollies on the 23rd.
if Coles comparable same store sales even declines by just 0.5%, mortgage your house and put it on WOW.
it basically means Woolies is on an unstoppable roll.
ps- it could mean $30 SP regardless of divvy. all WOW management has to do is keep divvy at 3% FF which will not impact EPS anyway.
cheers crazypunter
Good brief analysis on margins, page-2
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