0222 GMT - Woolworths's September-quarter update is seen at Macquarie as potentially prompting cuts to full-year consensus forecasts. Macquarie's analysts tell clients in a note that the supermarket operator's update shows persistent competitive pressures on its domestic food sales, and reckon that further investment in prices is likely. They feel more positive about the performance of Woolworths-owned New Zealand stores, but see the turnaround at its Big W department-store chain taking time. This leaves them warning of downside risks to consensus for the 2026 fiscal year. Macquarie has a last-published neutral rating and A$30.30 target price on the stock, which is up 1.5% at A$27.36. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 28, 2025 22:24 ET (02:24 GMT)
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