Woolworths and Coles FY24 earnings to show challenging outlook for supermarkets

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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