WOW 0.57% $33.79 woolworths group limited

News: WOW UPDATE 1-Australia's Woolworths posts surge in supermarket sales on stockpiling, page-2

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    A disappointing result, especially as demand will taper off now as the lockdown is eased. Drink sales are already back to normal.

    Food sales growth in the first three weeks of April was in the mid-single digits and drinks sales were back at pre-COVID-19 levels.

    On top of that, they are losing $30 a month on the closed hotels business which will take awhile to recover.
 
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