0352 GMT - Woolworths needs to execute its strategy well through the key November and December trading period if it is to meet its annual guidance, Macquarie analysts say. They are positive on the Australian supermarket giant's broadening efforts to drive top-line growth, pointing to industry feedback suggesting its rivals have been matching its price-reduction strategy. Its loyalty program is one area of focus, they say in a note to clients. Macquarie's analysts currently forecast 4% growth in Australia food earnings for fiscal 2026, which is at the bottom of Woolworths's qualitative guidance for mid- to high-single-digit growth. Macquarie trims its target price by 2.3% to A$29.60 and stays neutral on the stock. Shares are up 3.3% at A$28.53. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 29, 2025 23:52 ET (03:52 GMT)
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