Second half-year likely to be a lot tougher, though the balance sheet remains in good shape
Having decided at long last to dispose of Australian department store David Jones, Woolworths Holdings saw its share price strengthen considerably in the past few weeks.
The interim results to end-December 2022 were also strong across the board, especially at the Fashion, Beauty & Home division, which is where the clothing interests are housed. But the second half will be a lot tougher, and the group won’t have the benefit of relatively soft comparable figures from the previous year. Still, the balance sheet is in good shape and the group is well structured for the future. ..
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