Woolworths and Coles FY24 earnings to show challenging outlook for supermarkets [Yahoo! Finance Canada]
H World Group Limited - American Depositary Shares (HTHT)
Last h world group limited - american depositary shares earnings: 3/26 05:00 pm
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Source: Yahoo! Finance Canada
By John Biju and Sneha Kumar (Reuters) - 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. The results will show the impact of a protracted cost of living crisis on the companies, which ring up two-thirds of every Australian dollar spent on groceries and are closely watched as barometers of the wider economy. Consumers are becoming more discerning by trading down in items such as food by choosing lower-priced items and more at-home consumption, UBS analysts wrote in a note. Woolworths and Coles "face headwinds over the next 12 months because it's unlikely the economic outlook will improve due to the higher rate environment," said Kyle
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HTHT
News
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HTHT
Earnings
- 11/26/24 - Beat
HTHT
Sec Filings
- 2/10/25 - Form SCHEDULE
- 11/26/24 - Form 6-K
- HTHT's page on the SEC website