Australia's Woolworths slips; Citi warns of continued inflation impact

Woolworths

01/05/2026 03:50

Updates

** Shares of Woolworths WOW.AX fall as much as 1.4% to A$33.93

** Falls over 9% for the week, on track to log its worst week since late-August 2025

** Analysts at Citi say Australian retailers are grappling with higher costs driven by fuel, reflected in co's Australian food sales

** Australia's largest grocer warned on Thursday that Australian Food FY26 EBIT will no longer be at the upper end of its mid- to high single-digit forecast range

** Brokerage lowers PT on WOW to A$34.00 per share; retains "neutral" rating

** Citi expects Woolworths to be impacted through the year, especially given the lag on contractual fuel surcharges

** YTD, WOW up 16.8%

 (Reporting by Anjali Singh, Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))