As I type this post, WOW share price is down $1.09 (3.68%) on the back of a lacklustre qtrly result.
Food & liquor sales were up 3.4% and 1.7% on a comparable stores basis. But this lags the numbers from Coles (sales up 5.4% and 3.8% on comparable basis).
Where does this leave MTS???
Share price is currently up, so the market seems pretty relaxed about MTS versus WOW (initially). I think as the result settles in, it is evident that food & liquor competition is not just a two-horse race. A few percentage points for WOW or Coles is a hell of a lot more for MTS and Aldi.
Perhaps there is good news in the wind for long suffering MTS shareholders??
One can only hope so!!!
MTS Price at posting:
$1.32 Sentiment: Buy Disclosure: Held
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