Reported about 2 months ago
Australia's major supermarket chains, Woolworths and Coles, are expected to report challenging earnings as consumers cope with high mortgage rates and inflation. Analysts predict that increased cost-of-living pressures will lead to a decline in profit margins, with Coles likely faring better. Woolworths is anticipated to see a drop in its net profit, amid signs of reduced consumer spending and a shift toward lower-priced items.
Source: YAHOO