Ok I said I would comment on the results when they came in.
It looks as though WOW has arrested its decline in Supermarkets, with their same store sales increasing, even whilst their prices (food inflation) was dropping across most sectors. This is a good thing.
They have increased customer satisfaction scores which is also a good thing.
They have stopped the ship, the next quarter and the basket size and volume will determine if they have turned the ship around or merely are dead in the water.
Congrats are due to management and staff at WOW for a good result. I have updated my sentiment to neutral from sell
News: WOW Woolworths announces total Q1 sales from cont ops of $15.333 bln, page-2
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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 |
