My pick of the month and one of my favourite all time companies:
Woolworths Limited (ASX code - WOW / Bloomberg WOW AU
/ Factiva - WOW.AX
The company operates Australia's largest and most popular supermarket chain, petrol retailing, Big W (K-Mart style) Discount stores, Dick Smith Electronics, food processing and distribution, export and wholesaleing.
Feb 03 MEP - 11.51 AUD
Aug 03 MEP - 11.86 AUD
Woolworths Limited reported a full year net profit up 16.5 pct to $609 million on total sales up 7.6 pct to $26.321 billion. Sales from operations rose 12.2% to $23.654 billion. A 21c final dividend was announced, bringing the total dividends for the year to 39c up 18.2 pct on last year. EBITDA rose 13.5% to $1.344 billion. EPS after goodwill rose 15.6% to 58.1c. EPS before goodwill rose 15.7% to 60.7c. Costs for continuing operations were down 66 basis points to 21.66%. Free cash flow rose 70.2% to $665 million.
The group continues to achieve excellent sales and profit growth in a competitive market. The strong performance for the year extended to the balance sheet as well. Supermarket sales including petrol rose 11.9%, food and liquor sales grew 9.4% out performing total market growth and increasing market share. All good news for investors.
*yay* toybox day party 26th October*