Analysis of Mineral Resources, Woolworths, Wesfarmers, Qantas
Fund Manager Chris Pedersen discusses Mineral Resources, Woolworths Group, Wesfarmers and Qantas Airways.
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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
Fund Manager Chris Pedersen discusses Mineral Resources, Woolworths Group, Wesfarmers and Qantas Airways.
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Scott Kelly, Portfolio Manager for the DNR Capital Australian Equities Income SMA, gives Informed Investor his thoughts about which are the best income stocks on the ASX at the moment.
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In its latest quarterly report, Woolworths Group (ASX:WOW) announced a 4.5% increase in total sales, reaching $18bn, for the 14-week period ending 6 October 2024.
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The country’s biggest investor, Australian Super, has ignored all the poor publicity around supermarket giant Woolworths. It has spent close to half a billion dollars since late March on Woolworths shares.
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Coles (ASX:COL) and Woolworths (ASX:WOW) shares fell by more than 3% yesterday following the ACCC's bombshell announcement of legal action against the supermarket giants, alleging they misled customers through their discount offers.
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For months now, major retail chains Woolworths (ASX:WOW) and Coles (ASX:COL), along with business groups, media, and analysts, have denied any allegations of price gouging occurring in supermarkets.
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Shareholders in Woolworths (ASX:WOW) won’t be getting another special dividend next February to go with the 40 cents a share revealed in last week’s financial report after the retailer sold its last stake of 4.1% in grog group, Endeavour on Friday night.
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Woolworths (ASX:WOW) fell even further behind rival Coles in the third quarter, as sales growth in it revenue and profit centre - Australian food (its supermarkets) slowed to 1.5%, less than a third of the sales growth rival Coles reported from its supermarkets reported on Tuesday.
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Ahead of its third-quarter sales update on Thursday, Woolworths (ASX:WOW) has sprung a surprise by revealing the sale of more than half of its retained holding in the grog, pubs, and pokies group, Endeavour, for $468 million.
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Woolworths (ASX:WOW) CEO, Brad Banducci, is departing just days after a blow-up in an interview with ABC TV program Four Corners, which examined grocery pricing. However, his departure is more likely a result of the massive write-downs the retailer revealed for the first half of 2023-24.
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Retail giant Woolworths is anticipating a statutory loss for the six months ending December. The supermarket group informed the ASX on Monday of impairments totaling nearly $A1.7 billion in its New Zealand supermarkets business and the accounting treatment for its remaining 9.1% stake in the Endeavour booze and hotels spin-off.
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Coles (ASX:COL) fell short of matching the September quarter sales performance of its bigger supermarket rival, Woolworths.
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