How has the Woolworths share price performed since reporting results?

how has the woolworths share price performed since reporting results

Sumary of How has the Woolworths share price performed since reporting results?:

  • The Woolworths Group Ltd (ASX: WOW) share price closed up a slender 0.1% yesterday to finish the day at $39.35 per share.
  • It’s been 3 weeks now since the supermarket giant reported its full year results for the 2021 financial year (FY21).
  • But first, a quick recap… What results did the ASX 200 retail giant report for FY21? Investors were keeping a keen eye on the Woolworths share price when the company announced its FY21 results before market open on 26 August.
  • Among the key results, Woolies reported a 5.7% year-on-year increase in group sales to $67.28 billion.
  • Despite this increased investment, normalised Group ROFE [Return on Funds Employed] increased 1.4 points during the year to 15.1%.
  • The strong results enabled Woolies to declare a final dividend of 55 cents per share, up from a final dividend of 49 cents per share in FY20. On the same day, Woolies also reported its intention to conduct a $2 billion off-market share buyback.

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