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Asia

Market Chatter: Woolworths Group Faces Allegations of Anti-Competitive Behavior After Incident at Perth IGA Store

Woolworths Group (ASX:WOW) faces allegations of anti-competitive behavior after up to 15 of its uniformed employees walked into an IGA store in Perth to check prices and browse product displays, The Australian reported Friday.The Woolworths employees allegedly told the owners of the independent grocery store that they want to "beat" IGA with a new Woolworths outlet that is due to open nearby in a month, prompting the owners to notify the Australian Competition and Consumer Commission about the incident, according to the report.Woolworths did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:WOW
Asia

Market Chatter: New Zealand's Labour Party to Release its Own Policy on Supermarket Duopoly

New Zealand's Labour Party plans to release its own policy soon on how to tackle the country's supermarket duopoly, Radio New Zealand (RNZ) reported Wednesday, citing Labour representative Vanushi Walters.Speaking on the Morning Report radio program, Walters acknowledged that the duopoly needs to be addressed, saying that the current government has failed to control rising supermarket prices, according to the report.Her comments follow the Green Party unveiling a plan to break up the duopoly under which Woolworths Group (ASX:WOW) and Foodstuffs would be required to divest at least 120 stores into public ownership.Woolworths declined to comment, while Foodstuffs did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:WOW
Asia

Woolworths New Zealand Recalls Multi Grain Cereal Over Blue Plastic Contamination Risk

Woolworths (ASX:WOW) New Zealand said it is recalling its Woolworths-branded Multi Grain 500-gram cereal sold at its stores with a best-before date of April 30, 2027, according to a Tuesday statement.The recall is due to the potential presence of foreign matter in the form of blue plastic, with a full refund available to customers, the statement said.

ASX:WOW
Asia

Green Party Unveils Plan to Break Up New Zealand's Supermarket Duopoly With Publicly Owned Chain

New Zealand's Green Party unveiled a plan to break up the country's supermarket duopoly under which Woolworths Group (ASX:WOW) and Foodstuffs would be required to divest at least 120 stores into public ownership, according to a Sunday statement.The Affordable Kai election policy also calls for the creation of KiwiMart, a publicly owned supermarket chain with a sole mandate of keeping prices down.Additionally, the party wants supermarkets to be transparent about their price margins, is seeking a ban on excessive supermarket prices, and is also looking to introduce a mandatory pricing accuracy code including automatic compensation requirements when shoppers are overcharged.Food costs in New Zealand have risen 29% over the last five years, and the two big supermarket chains "exploit their market power" to prioritize profits, the Green Party said.It added that modelling estimates the cost of acquiring 120 stores and two distribution centers at NZ$1.3 billion, with an additional NZ$1.5 billion required to capitalize KiwiMart as a commercially viable competitor.Woolworths declined to comment, while Foodstuffs did not immediately respond to a request for comment from.

ASX:WOW
Asia

ASX Midday Sector Update: Information Technology Stocks Advance, Consumer Staples Sector Struggles

Information technology stocks advanced nearly 5% at midday Friday.Xero (ASX:XRO) shares gained 8% in recent trade even after shareholders voted against the adoption of the company's remuneration report at its 2026 annual meeting on Thursday, delivering a "second strike" against executive compensation.Meanwhile, the consumer staples sector struggled, shedding more than 1%.Woolworths Group (ASX:WOW) shares fell past 1% in recent trade.

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Asia

ASX Midday Sector Update: Healthcare Stocks Inch Up, Consumer Staples Sector Struggles

Healthcare stocks rose marginally at midday Thursday.CSL (ASX:CSL) inched up in recent trade.Meanwhile, the consumer staples sector struggled, shedding more than 2%.Woolworths Group (ASX:WOW) shares fell past 3% in recent trade.

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Asia

Australian Shares Fall; Woolworths Group Fiscal 2026 Adjusted Earnings, Revenue Up

Australian shares fell on Wednesday as investors digested July's domestic consumer price index report.The S&P/ASX 200 Index fell by 0.4%, or 36.80 points, to close at 9,127.80.Overnight on Wall Street, both the S&P 500 and the Dow Jones gained 0.3%, while the Nasdaq Composite rose by 0.7%.Brent crude oil futures ​fell to trade around $86 per barrel after Iran and Oman restarted talks over the Strait of Hormuz.On the domestic front, Australia's CPI rose 3.5% in the 12 months to July, down from 3.8% in the 12 months to June, while trimmed mean inflation held steady at 3.6%, according to a Wednesday report by the Australian Bureau of Statistics.Australia's total construction work done in seasonally adjusted terms fell 2.1% sequentially to AU$82.52 billion in the June quarter. Total construction work climbed 2.7% year over year in the June quarter.The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index rose to negative 0.2% in July from negative 0.4% in June, showing that the momentum is running below trend but is not particularly weak.In company news, Woolworths Group (ASX:WOW) logged AU$1.299 earnings per share before significant items for fiscal 2026, compared with AU$1.127 a year ago. For the 12 months ended June 28, revenue was AU$71.54 billion versus AU$69.08 billion previously.WiseTech Global (ASX:WTC) logged $0.94 in underlying EPS for fiscal 2026, compared with $0.731 a year ago. For the 12 months ended June 30, revenue from ordinary activities was $1.4 billion versus $778.7 million previously. Its shares closed down nearly 10%.Sandfire Resources (ASX:SFR) logged $0.756 in underlying earnings per basic share for fiscal 2026, compared with $0.243 a year ago. For the 12 months ended June 30, sales revenue was $1.65 billion versus $1.18 billion previously.

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Asia

Woolworths Group's Food Gross Margins Hold up Well Given Competitive Environment, RBC Says

Woolworths Group's (ASX:WOW) food gross margins held up well given the competitive environment, RBC Capital Markets said in a Wednesday note.The group's fiscal 2026 earnings before interest and tax (EBIT) were a "solid" 2.1% beat to RBC's estimated group EBIT, underpinned by the Australian food segment EBIT beating expectations by 1.6%.The first eight weeks of 7.6% sales growth, or around 5.6% to 6.1% on an underlying basis, shows strength continuing into the first fiscal 2027 quarter and tracking around 2% ahead of Coles' (ASX:COL) underlying estimates. However, Woolworths had a soft result in the fiscal 2026 first quarter, it noted.Its New Zealand food segment fourth fiscal quarter sales growth was a 50 basis points miss to RBC's estimates and a 70 basis points miss compared with consensus estimates. EBIT was a 3.4% miss to RBC's estimates and a 0.9% miss compared with consensus estimates.The brokerage assigned Woolworths an underperform rating and a price target of AU$35 per share.

ASX:WOW
Asia

ASX Midday Sector Update: Consumer Staples Stocks Jump, Information Technology Sector Struggles

Consumer staples stocks advanced over 2% at midday Wednesday.Woolworths Group (ASX:WOW) gained more than 4% in recent trade after logging AU$1.299 earnings per share before significant items for fiscal 2026, compared with AU$1.127 a year ago.On the flip side, the information technology sector struggled, shedding past 3%.WiseTech Global (ASX:WTC) shares were down past 9% in recent trade after reporting $0.94 in underlying EPS for fiscal 2026, compared with $0.731 a year ago.

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Asia

Update: Woolworths Group Fiscal 2026 Adjusted Earnings, Revenue Up; Shares Hit Five-Year High

(Updates with the stock movement in the headline and last paragraph.)Woolworths Group (ASX:WOW) logged AU$1.299 earnings per share before significant items for fiscal 2026, compared with AU$1.127 a year ago, a Wednesday filing showed.Analysts polled by FactSet expected earnings of AU$1.25.For the 12 months ended June 28, revenue was AU$71.54 billion versus AU$69.08 billion previously, the Australia-listed grocery and retail giant added. Analysts surveyed by FactSet expected AU$71.76 billion.The board declared a final dividend of AU$0.52 per share, up from AU$0.45 a year earlier, payable Sept. 25 to shareholders on record as of Sept. 2.The company's shares gained 4% in recent Wednesday trade and earlier hit their highest since August 2021.

ASX:WOW
Asia

Woolworths Group Fiscal 2026 Adjusted Earnings, Revenue Up

Woolworths Group (ASX:WOW) logged AU$1.299 earnings per share before significant items for fiscal 2026, compared with AU$1.127 a year ago, a Wednesday filing showed.Analysts polled by FactSet expected earnings of AU$1.25.For the 12 months ended June 28, revenue was AU$71.54 billion versus AU$69.08 billion previously, the Australia-listed grocery and retail giant added. Analysts surveyed by FactSet expected AU$71.76 billion.The board declared a final dividend of AU$0.52 per share, up from AU$0.45 a year earlier, payable Sept. 25 to shareholders on record as of Sept. 2.

ASX:WOW
Asia

Woolworths Group Adds Another 105 Products to Lower Shelf Price Promotion

Woolworths Group (ASX:WOW) will add another 105 products to its Lower Shelf Price promotion, expanding it to over 1,000 products, according to a Monday statement.The prices of products on the promotion, which include meat, mince, and eggs, are on average over 16% lower than their previous standard shelf price, it noted.

ASX:WOW
Asia

Commonwealth Bank of Australia Expands Loyalty Program, Partners With Multiple Brands

Commonwealth Bank of Australia (ASX:CBA) said a new change to its CommBank Yello loyalty program will make more than nine million customers eligible to earn points on home loans, savings accounts, insurance and credit cards, according to a Tuesday statement.The bank said eligible customers will be able to earn, track and redeem points within the CommBank app and NetBank, with points redeemable on everyday essentials such as groceries, utility bills and fuel as well as dining and travel, working with established brands including Woolworths' (ASX:WOW) Everyday Rewards, Origin Energy (ASX:ORG), Myer (ASX:MYR), and Velocity Frequent Flyer.Virgin Australia (ASX:VGA) said the partnership between its Velocity Frequent Flyer loyalty program and CBA's Yello program will allow customers to earn Velocity Points on consumer banking products.

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Asia

Market Chatter: Coles Group, Woolworths Test Facial Recognition Technology to Thwart Crime

Coles Group (ASX:COL) and Woolworths Group (ASX:WOW) are said to be testing facial recognition technology as a way to prevent crime at their outlets, the Australian Financial Review reported Monday.A Woolworths spokesperson confirmed the completion of a trial but declined to say whether the tech will be operated in Australia, according to the report, which noted that big chains in Victoria have seen increasing crime rates.A Coles spokesperson toldthat it does not currently use facial recognition technology and has not done a trial using this technology. Coles performed a "small, one-off, controlled proof-of-concept test of the technology" without using customer or employee data, the spokesperson said. Woolworths did not immediately respond to a request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Woolworths Group Phasing Out Farmers' Own Milk Brand Amid Sales Decline

Woolworths Group (ASX:WOW) is taking its Farmers' Own milk brand off the shelf at supermarkets across Australia amid declining sales, ABC News reported Friday, citing a company spokesperson and dairy farmer Tim Bale, who helped launch the brand in 2013.Farmers' Own bottles have already been phased out in South Australia and are due to exit markets in Western Australia, Queensland, New South Wales, and Victoria by next year, according to the report.Woolworths is working closely with suppliers and will continue to honor existing contracts, a company spokesperson told the news outlet.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:WOW
Asia

Woolworths Group Cleared of Racial Discrimination Allegations Filed by New South Wales Shopper

A Woolworths Group (ASX:WOW) employee who was involved in a verbal altercation with a shopper at a New South Wales store in August 2025 did not appear to act based on the shopper's race, the state's Civil and Administrative Tribunal said in a Tuesday ruling.The shopper, Parvit Haji Zadeh, alleged that the employee refused to provide him a service in a complaint lodged with Anti-Discrimination NSW, which was subsequently referred to the Tribunal.The Tribunal found that while there was differential treatment due to the employee's use of offensive language, "the complainant fails to establish that the respondent provided him a service on less favorable terms because of his race."A Woolworths investigation found that Zadeh was the aggressor in the verbal altercation and in breach of the company's zero-tolerance policy regarding aggression towards employees.The company's shares fell nearly 2% in recent Tuesday trade.

ASX:WOW
Asia

ASX Midday Sector Update: Energy Stocks Jump, Consumer Staples Sector Struggles

Energy stocks jumped more than 3% at midday Tuesday.Woodside Energy Group (ASX:WDS) gained over 3% in recent trade.On the flip side, the consumer staples sector struggled, shedding nearly 1%.Woolworths Group (ASX:WOW) shares fell 1% in recent trade.

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Research

UBS Downgrades Woolworths Group to Sell from Neutral; Price Target is AU$39

Woolworths Group (ASX:WOW) has an average rating of hold and mean price target of AU$37.13, according to analysts polled by FactSet.

ASX:WOW
Asia

Consumer Demand Under Pressure, Fiscal 2027 Poised for Risk, Jefferies Says

Consumer demand has been under pressure due to lower confidence, higher interest rates and a soft property market but retailers are set to report fiscal 2026 results broadly in line with consensus, Jefferies said in a note on Monday.The investment firm said, however, rising competition and elevated wage inflation are expected to weigh on retailers' earnings in fiscal 2027.The outlook for the supermarket sector in fiscal 2027 remains sturdy, as food inflation is expected to help offset rising wage costs. Coles Group (ASX:COL), was picked as the preferred stock, with a buy rating and a raised price target of AU$26.50 from AU$25.50.Wesfarmers (ASX:WES) was downgraded to underperform, with price target of $73. Despite the retailer's strong businesses and productivity initiatives, Jefferies said the valuation appears expensive following recent share price gains in light of moderate earnings growth.Flight Centre Travel (ASX:FLT) had been performing well before the outbreak of war in the Middle East. Its outlook remains robust, supported by recovering travel demand and a stronger leisure business mix after COVID-19, while rivals continue to face challenges. The brokerage provided a buy rating and price target of AU$14.50.Domino's Pizza Enterprises (ASX:DMP) is progressing well with improving debt levels and cost reductions beginning to deliver results. Same-store sales growth, which has been weak due to unprofitable promotions, should gain pace as pricing measures take effect. Jefferies maintained its buy rating but lowered its price target to AU$26.00 from AU$28.50.

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Asia

Woolworths' Market Share Outperformance Expected to Continue in Fiscal Q4, RBC Capital Markets Says

Woolworths Group's (ASX:WOW) market share outperformance is expected continue in fiscal fourth quarter, underpinned by price investment and improved in-store execution, RBC Capital Markets said in a Monday note.RBC forecasts the Australian food segment to deliver 4.4% comparable sales in the quarter, ahead of Woolworths' rival Coles Group (ASX:COL) at 3.4%, and AU$2.91 billion in earnings before interest and taxes (EBIT), compared with the consensus estimate of AU$2.92 billion. Fiscal 2026 and fiscal 2027 net profit after tax estimates were increased by 20 basis points.Woolworths' shift to the "everyday low prices" strategy has the potential to underpin market share gains into fiscal 2027 as price trust is re-established, RBC said. The announced shelf price freeze on 300 Woolworths-branded staples signals continued gross margin pressure in the Australian food segment. Fuel headwinds of AU$15 million to AU$25 million to the segment's EBIT in fiscal 2026 are an additional drag.The investment firm downgraded Woolworths to underperform from sector perform while raising the price target to AU$35 from AU$33.50.Woolworths' shares shed nearly 2% in recent Tuesday trade.

ASX:WOW

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