Woolworths Sees Fifth Year Of Losses At Home Improvement – Bloomberg

The Masters venture initially aimed to have 150 stores by this year. Five consecutive years of losses at the home improvement unit through 2016 will make it harder for Chief Executive Officer Grant OBrien to restore annual earnings growth of more than 10 percent, which Woolworths achieved for 11 consecutive years to 2010. The chain will likely post A$2.45 billion in net income in annual results due Aug. 29, an 8.6 percent increase from a year earlier, according to the average of 11 analyst estimates compiled by Bloomberg.
visit http://www.bloomberg.com/news/2014-08-12/woolworths-sees-fifth-year-of-losses-at-home-improvement.html


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