Australian ASX200 earnings preview WOW
Tony Sycamore August 25, 2021 9:29 AM
Woolworths Group Ltd (WOW) is an Australian retail group operating primarily in the supermarket and grocery sector. Woolworths and Coles form a near-duopoly of Australian supermarkets, accounting for about 65% of the Australian market. It reports its full-year numbers on the 26th of August.
Woolworths is a defensive stock that benefitted from the arrival of COVID-19 in Australia last year as households stocked up on toilet paper, pasta, and other pantry items. The latest COVID-19 outbreak impacting Sydney, Melbourne and Canberra has seen another round of panic buying that recently pushed the share price of Woolworths above $42.00.
Source Tradingview. The figures stated areas of the 25th of August 2021. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation
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