Woolworths Group reports full-year results on the 23rd of August. In this week’s bonus edition of Investor Spotlight, we discuss what to expect from this year’s results, provide an overview of what analysts say about the stock, and analyse the retailer’s stock.
Anticipated growth in a challenging retail climate
Woolworths is forecast to post growth on both its top and bottom lines for the financial year 2023 (FY23). Data compiled by Reuters suggest analysts are projecting a 5.3% rise in revenues for the full year, with net income expected to increase by nearly 15%.
Unlike many businesses, Woolworths has gained from the elevated inflation environment in Australia. The rising cost of food and consumers’ resilience to absorb these…






