Sentences with phrase «food and grocery earnings»

But Deutsche Bank has estimated that every 1 per cent reduction in price will reduce Metcash's food and grocery earnings by about $ 122 million.

Not exact matches

Coles managing director John Durkan says multinational food and grocery suppliers are still treating Australia like «Treasure Island», charging consumers premium prices to boost earnings and fund their Asian operations.

According to a joint survey by the Australian Food & Grocery Council and broker UBS, retailer earnings are forecast to fall by 19 per cent this year, led by Woolworths, after growing by at least 8 per cent a year over the last six years.

Mr Cousins endorses Woolworths» plan to cut grocery prices, boost service in supermarkets and improve its private label range to better compete with Aldi, but says the investments will lead to a significant earnings rebase as food and liquor margins fall from 8 per cent to at least 6 per cent.

Woolworths» plan to cut the price of private label grocery brands to better compete with Aldi and Coles may cost the retailer as much as $ 1 billion, reducing earnings from food and liquor by almost a third, according to brokers.

Metcash attributed the fall in grocery earnings to price deflation of 1.3 per cent, which exacerbated operating deleverage, a 12.6 per cent increase in advertising and marketing investment, and intense competition in food markets, particularly the impact of excessive fuel discounts by the major chains.

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.

Food price deflation may help consumers but falling fresh food and grocery prices have crimped sales and earnings growth at the major retailers the last two yeFood price deflation may help consumers but falling fresh food and grocery prices have crimped sales and earnings growth at the major retailers the last two yefood and grocery prices have crimped sales and earnings growth at the major retailers the last two years.

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.