Woolies Survives First Day without Endeavour
Woolies shares fell by around 11% on the first trading day without the Endeavour Group drinks business, after earlier being down 15%
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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
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News
Woolies Left with Huge Spill in Aisle 21
A number of factors and circumstances have forced supermarket giant Woolworths to announce nearly $100 million in costs and impairments for the June 30 financial year.
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ACCC Does 180, Clears Woolies’ PFD Bid
Woolworths will be allowed to buy control of food services company PFD after all, with the ACCC reversing an earlier preliminary ruling that the deal could lessen competition.
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Market Says Cheers to Woolies’ Endeavours
Woolworths got a thumbs up from investors yesterday for the long-mooted spinoff of its grog business Endeavour Drinks, with shares rising 2.7% to close at $40.50.
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Woolies’ Endeavour Split a Boon for Shareholders
Woolworths has released details of the spin-off of its grog business, Endeavour Drinks and shareholders could be in for multi-billion-dollar reward.
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Analyst Views
WOW – Credit Suisse rates the stock as Downgrade to Underperform
The rating is downgraded to Underperform from Neutral, largely on valuation, while the target is lowered to $37.98 from $38.05.
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WOW – UBS rates the stock as Buy
Woolworths' first-half numbers were solid, observes UBS, with earnings circa 3% ahead and strong cash-flow. The Buy rating is unchanged with a target price of $44.
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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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