Australia ' s Woolworths flags $1 billion charge against NZ stores on bleak outlook

Woolworths forecast on Monday a non-cash impairment of NZ$1.6 billion ($974.40 million) in its 2024 interim results, as the retailer's New Zealand business faces challenges and a weak market outlook, with shares losing most in a fortnight. Still, the supermarket chain said strong results at its…#woolworths #newzealand #australian #ebit #australianfood #pfdfoodservices #epcapital #phillipkimber #endeavourgroup #asx
Source: Reuters: Health - Category: Consumer Health News Source Type: news