I'd watch out below - I suspect WOW will be smashed by the end of the day. Their Food EBIT margin fell 16%. Awful numbers except for the brilliant looking LFLs. I think the cost of their great LFL's looks very high.
I really do question page 15 of the presentation. They show their gross margin up by 50 bps, but EBIT ratio down 16%. I suspect the gross margin figures might be a bit misleading, and that there was some sort of rebate thing that was moved into the CODB. After all prices deflated in Q2 from what I can see.
I shorted it on the spike.
Shorted WES too on their little spike - I think the price war is now on, and both Coles and Safeway will lose. Anyway - lets see what happens.
News: UPDATE 1-Australia's Woolworths cuts dividend as half year profit slides, page-3
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Last
$29.89 |
Change
0.010(0.03%) |
Mkt cap ! $43.04B | |||
| Open | High | Low | Value | Volume |
| $30.11 | $30.19 | $29.79 | $71.33M | 2.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 585 | $29.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.93 | 145 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| WOW (ASX) Chart |
