We commence the Morning Mail this week with Evans and Partners’ Senior Industrial Analyst Tony Wilson discussing the Woolworths Ltd first half result which was released on Friday.
The result was of high quality, with the food and liquor business again delivering margin improvement. The company announced the acquisition of the Cellarmasters Group to add further sales potential within the Liquor business. We discuss these features of the result along with the company’s comments on their gaming business and the current consumer spending environment.
Woolworths Ltd remains part of the Evans and Partners Equity Model Portfolio, with the full research report available from your adviser.
