The Woolworths Group Ltd (ASX: WOW) share price was on fire on Wednesday.
The supermarket giant’s shares ended the session 13% higher at $35.63.
Investors were buying the company’s shares after it released a solid half-year result.
But does this mean it is now too late to invest? Let’s see what analysts at Bell Potter are saying.
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What did the broker say?
Bell Potter wasn’t overly surprised to see the Woolworths share price shoot higher yesterday.
It highlights that the company’s results were comfortably ahead of expectations. This includes an acceleration in revenue growth after a tricky period. The broker said:
Revenue of $37,135m was up +3% YoY (vs. BPe $37,200m and VA $37,223m). EBITDA of $3,206m was up…
