Two supermarket heavyweights, Coles Group Ltd [ASX:COL] and Woolworths Group Ltd [ASX:WOW] have avoided massive sell-offs in this downturn. Today we look at the Coles share price in comparison with the Woolworths share price, to see which could be sturdier as the months in self-isolation progress.
Woolworths released potentially conflicting updates on the ASX this morning, leading to a small loss for the Woolworth’s share price. It will be an interesting day of trading today for Aussie grocery leader Woolworths Group Ltd [ASX:WOW]...
The share price of Coles Group Ltd [ASX:COL] has been on a solid run since hitting a 52-week low of $11.12 on 21 February. Before market open today, the grocery giant was only 29 cents shy of its 52-week high, sitting at...
Today, Woolworths Group Limited [ASX:WOW] announced an agreement to merge Endeavour Drinks and ALH Group [ASX:AKH] into a combined entity, set to be named ‘Endeavour Group Limited’.At time of writing, Woolworths’ share price is trading at $33.83, up 2.78%.
Fuel supplier and convenience retailer Caltex Australia Ltd [ASX:CTX] has had its share price value cut by almost a quarter this morning. In their unaudited profit guidance released this morning, Caltex have forecast some worrying figures.
Today, Marley Spoon AG [ASX:MMM] entered a $30 million strategic partnership with Woolworths Group Ltd [ASX:WOW]. Triggering the Marley Spoon Share Price to jump by a whopping 63.6% to 72 cents a share in today’s trading.
This week Woolworths Group Ltd [ASX:WOW] announced it would be closing around 30 Big W stores across Australia, blaming tough competition in the retail industry. The Group also announced a $1.7 billion off-market buy-back. At the time of writing, the Woolworths share price is trading a little lower at $30.76.
While some outlets are leading with the headline that poor European PMI data drove the sell-off, I believe the bigger story behind the sell-off is the bond yield curve.
Today, Woolworths released their half-year results for 1H19, revealing areas in which the group has struggled to turn a profit.
In other words, while the result looked good on paper, the market expected better. Prior to yesterday’s release, WOW traded on a price-to-earnings ratio for FY18 of nearly 23 times, and 20.5 times expected earnings for FY19.