The transformation plan continues to drive operational performance but the new financial policy provides clarity…
Woolworths published weak 2015 financial year results (but broadly in line with market expectations) which prompted downgrades from the major credit rating agencies (Standard and Poor’s and Moody’s).
Management is making good progress on its transition to a leaner retail business model and expects that investments in price, service and experience will exceed cost reductions in 2016 financial year. This means it will take time for sales to respond to these company initiatives even when Woolworths has closed the price gap to Coles.
Our reports for Woolworths:
- Woolworths Subordinated Notes. Click here.
- Woolworths 6.75% 2016. Click here
- Woolworths 6.00% 2019. Click here
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