Woolies shares fall as sales stall
Retail giant Woolworths has reported flat same-store food and liquor sales in the third quarter, its slowest rate of growth in more than a decade, falling well short of analysts’ expectations.
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Seven analysts had on average expected 0.5 per cent growth in like-for-like Australian food and liquor sales, after an increase of 1.1 per cent in the second quarter and 1.9 percent in the first. Sydney Morning Herald – Read more…
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