Consumers may look past fuel crisis-related price hikes in the short term, but they are unlikely to let businesses off the hook if inflationary pressures persist.
Woolworths
ASX:WOW
The supermarket giant said in its quarterly update that its full-year EBIT growth is no longer set to be in the upper end of the guidance range.
The sheer volume and variety of problems raised by shareholders at the AGM showed the scale of the challenge facing the struggling retailer. But a turnaround may have begun.
This earnings season was defined by "once in a generation" swings in the share prices of some of the bluest of blue-chip names on the ASX. The jury's still out on what's driving it.
In a submission to the ACCC's supermarkets inquiry, Woolworths argues the regulator should also consider competition from Aldi, Costco, Chemist Warehouse and Bunnings Warehouse.
Interest rate cuts might be just months away. But Woolworths' profit warning today proves the real cost-of-living crisis is far from over.
Woolworths and Coles are fighting back against the ACCC over allegations of price manipulation, pinning the blame on suppliers in what's shaping up to be a major court battle.
