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Woolworths profit upgrade expected.
Australasian Business Intelligence, July, 2007
Tags: Simon, Woolworths
Byline: Simon Evans
Jul 08, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The date on which Woolworths is scheduled to disclose its full-year results has been brought forward. There are growing expectations that a profit upgrade will be issued by the Australian retailer. Analysts note that the loss of market share by Coles Group's supermarkets to Woolworths has heightened in the last few months. Investors fear that Wesfarmers' plans to revive Coles could take years to yield results. Wesfarmers' shares have dropped below ...
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