Sentences with phrase «woolworths over profit»

Not exact matches

Until Thursday, Woolworths was trading at a multiple of 22 times forecast 2018 earnings, a hefty premium to Wesfarmers, which was trading on a multiple of 16 times forward earnings, even though the outlook for profit growth over the next three years is similar for both companies.

Woolworths is expected to return to profit growth this year for the first time since 2014 after investing more than $ 1 billion over the last two years into reducing grocery prices and improving service in stores to restore sales growth in supermarkets.

While Coles has been sharply ahead of Woolworths in sales and profit growth from the core supermarkets business over the past few years, liquor has been a drag on that business ever since Wesfarmers acquired Coles Group in 2007 in a $ 19 billion takeover.

He says the Home Improvement business will become a material profit contributor for Woolworths over time.

Pollaers has an advantage over others threatened by the move by Coles and Woolworths to boost profit margins through greater shelf space for in - house brands.

We heard from a financial analyst documenting the extraordinary sales growth and profit performance of Woolworths and Coles over the past decade, along with some cautionary words expecting both indicators to moderate somewhat in the current decade because of the entry of Aldi and CostCo into the Australian market.