Woolworths in turmoil: Shocking earnings downgrade rattles investors

Woolworths in turmoil: Shocking earnings downgrade rattles investors

Woolworths, a dominant force in Australia’s retail landscape, is navigating a rare three-day losing streak after delivering an unexpected blow to investors. The company recently revised its first-half FY25 earnings guidance, announcing an anticipated figure between AUD 1.48 billion and AUD 1.53 billion. This estimate represents a 5.6% decline compared to the first half of […]