ACCC Flags Woolworths Takeover Of PFD Foods
The ACCC raised competition concerns with Woolworths’ $302 million proposed acquisition of 65% of PFD Food Services.
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Woolworths Group Limited
Woolworths Group is a diverse group of retail businesses on a journey to becoming a purpose‑led organisation. United by our Group purpose, we create better experiences together for a better tomorrow, creates the framework for how we aspire to operate, to be better; for our customers, our team, the communities we serve and our shareholders.
Our goal is to have Customers put us 1st across all our brands.
To achieve this we have six priorities:
Customer 1st Brand, Team & Culture
Connected and Convenient Ways to Shop
Differentiate our Food Customer Propositions
Evolve our Drinks Business
Unlock Value in our Portfolio
Better for Customers, Simpler and Safer for Stores and Support
Spotlight Videos
Talking Income – Banks, Telstra, Woolworths & New Opportunities
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News
Word of the Year – 2021?
Dion Hershan, Head of Australian Equities at Yarra Capital Management, looks at the opportunities that are emerging from a bleak 2020.
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Digital Sales Double As Woolies Posts Solid Q1
Woolworths said a switch to eating at home and online shopping powered a 12.3% rise in first-quarter sales compared to the prior corresponding period, a better outcome than the 10.7% rise reported last week by rival Coles.
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Moody’s: Record Supermarket Sales To Steady
Credit rating group, Moody’s sees Australia’s major supermarket chains - Woolies and Coles having a solid first half of the 2012-21 financial year, thanks to the continuing threat from COVID-19.
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Woolworths Shuffles Leadership Team
Woolworths has revealed a tantalising restructure of its upper management and in doing so set up a possible contest for the person to replace CEO Brad Banducci.
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Analyst Views
WOW – Citi rates the stock as Upgrade to Buy from Neutral
Citi upgrades to Buy from Neutral, raising estimates for earnings per share by 5% for FY21 and 3.5% for FY22. This reflects a rational grocery market and earnings momentum as well as appealing relative valuations.
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WOW – UBS rates the stock as Buy
UBS believes the market is not fully appreciating near-term earnings upside and long-term earnings optionality at Woolworths. This is based on the broker's calculation that the current shares price is trading at an unwarranted discount.
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WOW – UBS rates the stock as Buy
UBS notes Woolworths' FY20 result was in-line driven by strong cash-flow.
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WOW – Credit Suisse rates the stock as Neutral
Credit Suisse views Woolworths as a solid hold entering FY20 and prefers it over the Coles Group ((COL)) due to its cost and operating income guidance certainty for FY20.
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WOW – Morgans rates the stock as Hold
Woolworths has declared it cannot accurately forecast the impact of the virus on its full-year result. A trading update revealed strong recent sales growth on consumer hoarding, nonetheless leading to strain on supply chains to keep up with demand. Management noted, however, mayhem seemed to be easing last weekend.
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