- Woolworths Group reported a net income of A$739 million for the first half of the year, which is an improvement from a loss of A$781 million in the previous year but below the estimated A$783.8 million.
- Net profit after tax (Npat) before significant items stood at A$739 million, trailing the expected A$790.2 million.
- Sales reached A$35.93 billion, a 3.7% increase from the previous year, slightly exceeding estimates of A$35.82 billion.
- Australian Food sales amounted to A$26.66 billion, just shy of the projected A$26.7 billion.
- The interim dividend per share decreased to A$0.39 compared to A$0.47 in the previous year and under the expected A$0.40.
- Earnings before interest and tax (Ebit) before significant items were A$1.45 billion, below the estimated A$1.49 billion.
- Australian Food Ebit was reported at A$1.39 billion, not meeting the expected A$1.46 billion.
- Australian B2B Ebit came in at A$78 million, surpassing the estimate of A$74.6 million.
- New Zealand Food Ebit was A$73 million, slightly missing the estimate of A$73.3 million.
A look at Woolworths Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Woolworths Ltd, a leading Australian retail company, has a mixed outlook based on the Smartkarma Smart Scores. While the company scores moderately on Dividend and Momentum with a score of 3, it falls slightly lower in Value, Growth, and Resilience with scores of 2. Woolworths Limited operates supermarkets, specialty and discount department stores, liquor and electronics stores across Australia. Additionally, the company is involved in food manufacturing, exports, wholesale, and petrol retailing. The Company also manages hotels encompassing pubs, accommodation, and gaming activities.
Considering the overall Smart Scores for Woolworths Ltd, investors may find a steady dividend income and positive momentum in the company’s performance. However, there might be room for improvement in areas like value, growth, and resilience. It would be prudent for investors to conduct further research and analysis to make informed decisions about the long-term prospects of investing in Woolworths Ltd. With a diverse portfolio of retail and hospitality businesses, Woolworths Limited remains a key player in the Australian market with potential for growth and stability in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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