0020 GMT - Jefferies analysts Michael Simotas and Naveed Fazal Bawa say Australian grocer Woolworths's 1H result was a miss, driven by the main Australian food unit and W Living. Group earnings was 3% below consensus, reflecting a hit from a worker strike and consumers being more willing to shop around. But the analysts also see reasons for optimism. The troubled New Zealand food unit showed some signs of improvement in the half. In addition, the trading update for the first few weeks of 2H show improvements in the Australian food business, and 2H guidance is slightly ahead of consensus expectations. Investors still seem cautious for now, with Woolworths shares bouncing between small gains and losses in early trade. Jefferies has a hold rating on the Aussie grocer. (mike.cherney@wsj.com; @Mike_Cherney)
(END) Dow Jones Newswires
February 25, 2025 19:20 ET (00:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。