Woolworths shares hammered after disappointing interim results
28 February 2024 - 11:06
UPDATED 28 February 2024 - 20:43
Woolworths shares fell the most since November 2021 after the retailer reported that none of its divisions had increased sales volumes in the half-year to December 24 and its clothing business continued to underperform, though its food business produced a “resilient” result.
Its best-performing food division saw like-for-like sales growth of 7.2%, slightly higher than Shoprite’s growth of 6.3% for a similar period...
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