Sentences with phrase «core grocery business»

He has a sell call on Metcash, noting the company's core grocery business is structurally challenged, with continued store roll - outs and discounting by Coles and Woolworths putting more pressure on independents.

Mr Reitzer said trading conditions in the core grocery business remained challenging as frugal consumers shopped for value, deflation persisted in fresh food and the marketing war between Coles and Woolworths forced Metcash to spend more on advertising discounts.

Not exact matches

Metcash's earnings before interest tax and amortisation from its core IGA grocery and food distribution business slumped 13.9 per cent to $ 150.7 million after a 1.5 per cent decline in sales to $ 4.48 billion, offsetting higher earnings from its liquor, hardware and automotive wholesaling operations.

The SPC Ardmona acquisition is ticking along satisfactorily but depends much more heavily on the grocery trade than the core drinks businesses.

While earnings from liquor distribution, the Mitre 10 hardware business and automotive are expected to rise, earnings from the core food and grocery distribution business are expected to fall about 21 per cent as the division struggles to maintain sales.