Woolworths and Coles FY24 earnings to show challenging outlook for supermarkets

Woolworths Notícia

Woolworths and Coles FY24 earnings to show challenging outlook for supermarkets
Coles,Supermarket Chains

Earnings of Australia's top supermarket chains are likely to show constricted spending presenting a challenging outlook for Woolworths and Coles, as...

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Earnings of Australia's top supermarket chains are likely to show constricted spending presenting a challenging outlook for Woolworths and Coles, as consumers deal with painfully high mortgage rates and sticky inflation. Decade-high interest rates and stubborn inflation still running above the central bank's target range has prompted consumers to be mindful of their spending, analysts warned.

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