Modest Consensus Upgrades Likely on Woolworths Sales Beat
Dow Jones
Yesterday
0118 GMT - Woolworths's improving sales are likely to drive modest consensus FY 2027 upgrades, says Jarden. Woolworths said sales increased by 7.6% in its Australian supermarkets business in the first eight weeks of the new FY. When the boost from its promotional campaign featuring Disney 'ooshies' is stripped out, sales are up 5.5%-6.1%. Analyst Ben Gilbert says consensus hopes for 1H are 5% growth on year. "A clean result led by improving top line growth that has accelerated into FY27, with Woolworths's ability to continue to invest in the value offer and demonstrate customer retention post a successful Ooshies campaign key," Jarden says. It had an overweight call on Jarden ahead of the result today. Woolworths rises 4.7% to A$40.68.
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