Woolworths's Recent Trading in Australian Food Looks Very Strong
Dow Jones
Yesterday
0101 GMT - Woolworths's trading snapshot points to a very strong start to FY 2027 in Australian food, says Jefferies. Woolworths said sales increased by 7.6% in its Australian supermarkets business in the first eight weeks of the new FY, aided by its promotional campaign featuring Disney characters. "On an underlying basis, Woolworths has continued to outgrow Coles in early FY27, but the gap appears to have closed and Woolworths was cycling much easier comps," analyst Michael Simotas says. Market conditions appear to have improved. Both of the big grocers are well positioned to benefit from packaged food inflation and households eating at home rather than going to restaurants. Woolworths rises 5.3% to A$40.91.
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