On the post Australia Day edition of the Morning Mail, David Hay is joined by Senior Industrial Analyst Tony Wilson.
Woolworths Ltd released their quarterly sales results on Monday, along with a revision to earnings guidance. We discuss the result and the change to guidance this morning. Tony comments on both their supermarket business and their discretionary retail business and well as our valuation and the current trading multiple.
We retain a Positive investment recommendation for Woolworths Ltd and it remains part of the Evans and Partners Model portfolio.
