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WOW - WOOLWORTHS GROUP LIMITED


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  • 2 weeks later...

 

http://www.sharescene.com/html/sharesceneradio-logo.jpg

Recent ShareScene.com Radio Broadcast (16/04/2008 11:00:00):

WOW - 3Q 2008 Sales Results - Mr Michael Luscombe, MD

 

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.

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ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.

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  • 2 months later...

Some general comments on Woolies and their 4th quarter results ....

 

Australian Food & Liquor achieved +6.7% total sales growth in 4Q (adjusted for Easter and extra week of trading) compared to 4Q07 growth of 9.7%. Inflation fell to +2.9% versus 4.5% in Q3 due to significant deflation in fruit and veg. Big W reported comparable sales growth of +2.6% despite tracking a comparable 4Q07 of +8.7%. Petrol comp store sales +20.4% with volumes returning to growth of 1.8% due to rollout of Everyday rewards program. NZ +3.5% comp sales growth. Big W comp sales growth +2.6%. Hotels -1.6% comp sales growth (smoking bans a negative). Management said: ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¹Ãƒƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“2008 has been an extremely rewarding year with our business performing well overall. The significant re-investment in each of our businesses will continue to drive future growth.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢

 

You can download the results here .... http://media.corporate-ir.net/media_files/...alesRelease.pdf.

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  • 4 months later...

Good idea to bring that up Flower, some people might take the headlines at face value without realising that Woolworths UK is totally unrelated to the Aussie Woolworths.

 

I believe that long ago the founders of the Australian Woolworths cheekily copied the original USA/UK Woolworth's and managed to get away with it. There is no relationship between the two.

The original US version also went through multiple reincarnations and lives on somewhere within Foot Locker.

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  • 3 weeks later...

QUOTE (daggie @ Friday 28/11/08 09:19am)

That is correct. The story regarding the Aussie Woolies is that the founders telegrammed FW Woolworth in New York back in the 1920s and basically said "do you mind if we use your name" and he said "I have no intention of heading to Australia so it is all yours".

 

The dying UK version was started by the US firm but spun off in the 1980s.

 

Just to confuse the matter there is also a Woolworths in South Africa which I think has a similar independent lineage to the Aussie concern (but is also tied in to Marks & Spencer now) and has expanded through Africa and the Middle East. There is also a Woolworth in Germany which also spun off from the FW Woolworth empire... http://www.sharescene.com/html/emoticons/weirdsmiley.gif

 

And, yes, the Safeway brand in the Aussie stable once belonged to the US firm of that name (they entered in 1963 but was bought out by Aussies in the 1985)...

 

One final bit to add the confusion. The Aussie Woolworths is making more noise about heading into India.

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  • 2 weeks later...

In reply to: as505 on Tuesday 16/12/08 01:35pm

Purchased some Wollies shares last week.... Appears to be a great buy at these levels and a stock that will hold up well during a prolonged downturn,as we all need to eat... I too am amazed when i wlak into a WOW store,how many WOWBranded items end up im basket...Another sector of WOW business that booms thru out the year but even more so this time of year is their ownership of many many Pubs Australia wide....

Wanlika

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