AUSTRALIA: Woolworths stock slides following inflation data
Australia’s largest grocer Woolworths saw its stock fall by around 2.5% today [Wednesday] after the Australian government released data showing that the current drought has pushed food prices up. This was coupled with Woolworths’ recent Q1 sales results which met expectations but did not beat forecasts as they have done in the last few years.
Australia’s largest grocer Woolworths saw its stock fall by around 2.5% today [Wednesday] after the Australian government released data showing that the current drought has pushed food prices up.
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