Coles, which generates about 40 percent of Wesfarmers's earnings, saw half-yearly earnings before interest and tax slide 2.6 percent, including one-off gains from asset sales. Excluding those one-offs, Coles earnings dropped 6.8 percent, Wesfarmers said.
Wesfarmers and Coles's larger rival, Woolworths Ltd (WOW), have been shutting down and selling non-core assets as the duopoly tries to slow the incursion of new discount competitors like Germany's ALDI Inc [ALDIEI.UL] in the A$100 billion grocery sector.
Aldi grabbing a heap of Coles earnings ......... I bet they will grab a similar amount off Woolies.
News: WOW UPDATE 1-Australia's Wesfarmers says half-year profit gains on home improvement, page-2
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WOW (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$29.89 |
Change
0.090(0.30%) |
Mkt cap ! $36.51B | |||
| Open | High | Low | Value | Volume |
| $29.92 | $30.08 | $29.83 | $64.04M | 2.140M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9322 | $29.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.99 | 52 | 2 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| WOW (ASX) Chart |