WOW +0.37%: Released a 3Q22 sales update today that was broadly positive with their important Aussie Supermarkets enjoying like for like (LFL) sales growth of +4.4% which was above market consensus of +2.4%. They now have 9.9% online penetration which is strong while they highlighted food inflation which is running at 2.7%. Trading momentum in Q4 remained solid particularly in Australia while there was some Covid related disruptions in New Zealand, and that seems to be the reason why the stock was subdued today.
scroll
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Performance update for March, stocks that drove returns & our current positioning
Close
Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
Close
Market Matters Research Lead Shawn Hickman with David Koch
Close
Wednesday 24th April – DOW +263pts, SPI +27pts
Close
MM remains long & bullish WOW
Add To Hit List
Related Q&A
Is WOW entering the buy zone?
Does MM still like Metcash (MTS) after recent falls?
Are Coles and Woolworths relatively safe investments?
WOW and WES Bargains after sell off?
Are WOW and WES bargains after this sell-off?
Updated view on few battered up stocks?
Does MM like Woolies & / or Coles
Whats the benefit of Woolies (WOW) off market buy back?
The Major Supermarkets
What’s happening with Woolworths class action case
Relevant suggested news and content from the site
Video
WATCH
Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
Podcast
LISTEN
Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
Daily Podcast Direct from the Desk
Video
WATCH
Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Podcast
LISTEN
Wednesday 24th April – DOW +263pts, SPI +27pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.