Woolworths Group Ltd

WOW: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$33.40	Bppmzkf	Ptfvgckhs

Woolworths Shareholders Are Getting Their Woolies Worth With Interim Dividends Up 18%

Johannes Faul

Feb 23, 2023

Narrow-moat Woolworths’ first-half fiscal 2023 sales growth of 4% and 16% increase in underlying EPS were ahead of our expectations. We increase our fair value estimate by 2% to AUD 27 per share, due to a now slightly greater sales base for the core Australian food segment, which accounts for over 80% of group earnings. We increase our fiscal 2023 adjusted EPS estimate by 4% to AUD 1.41.

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