Big W sales weighed on the overall group's result, falling 4.1 per cent during the half with pre-tax earnings off 60 per cent.
Shareholders will get 47 cents a share .insignificant dividend
It also booked a $209 million reduction in the value of a stake in ASX-listed alcohol and hotels spin-off Endeavour,
"The retirement of a well-respected CEO, during a period of heightened press and government scrutiny, and very weak sales in January (is) expected to see share price weakness following the result," E&P Capital retail analyst Phillip Kimber said in a briefing note.
Former ACCC chair Allan Fels described the company's write-offs as potentially "camouflage" and "a bit of cover-up" for rising profit margins."Basically, their food and grocery profits are well up at a time when most Australians are suffering from a cost-of-living crisis,"
Mr Banducci is still expected to front a Senate inquiry into food prices next month until he does the SP will be under pressure
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Last
$34.78 |
Change
0.480(1.40%) |
Mkt cap ! $42.48B |
Open | High | Low | Value | Volume |
$34.56 | $34.83 | $34.44 | $94.78M | 2.747M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99 | $34.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.80 | 626 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 287 | 34.750 |
1 | 20 | 34.730 |
1 | 20 | 34.600 |
1 | 500 | 34.500 |
5 | 118 | 34.300 |
Price($) | Vol. | No. |
---|---|---|
34.820 | 746 | 1 |
34.840 | 2021 | 3 |
34.850 | 7525 | 4 |
34.870 | 910 | 2 |
34.880 | 1160 | 3 |
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