Australian food retailer Woolworths is set to report a strong first-half profit result on Monday.
Go deeper with GlobalData
Analysts expect Woolworths to report double-digit earnings growth for the first half and have also speculated that the retailer may lift its annual earnings forecast, reported Asia Pulse.
Woolworths reported last month a 10.9% increase in first-half sales to A$14.14bn (US$8.5bn), whereas rival Coles Myer reported a sales increase of 5.5% to $13.8bn.
Coles Myer has been losing out to Woolworths’ market-winning fuel discount programme.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
