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WideOpenWest Q1 2025 Earnings Report
Expected Revenue:$149M
-9.7% YoY
Expected EPS:-$0.19
23.6% YoY
Key Takeaways
Woolworths Group reported an increase in total group sales by 4.5% to $18.0 billion for the first quarter of FY25, driven by strong eCommerce growth and improved trading momentum across its food businesses. However, the H1 earnings outlook is challenged due to lower margin sales mix and elevated wage costs.
Group sales increased by 4.5% to $18.0 billion in Q1 FY25, with a 3.3% increase excluding Petstock.
Group eCommerce sales grew significantly by 21.2% to $2.4 billion, driven by strong demand for convenience offers.
Australian Food sales increased by 3.8% due to a focus on value, improved availability, and strong eCommerce growth.
New Zealand Food sales increased by 2.7% with improved customer scores, particularly in Value for Money and Fresh.
WideOpenWest
WideOpenWest
WideOpenWest Revenue by Segment
Revenue by Segment
Australian Food Revenue
CapyFin.comAustralian B2B Revenue
CapyFin.comNew Zealand Food (AUD) Revenue
CapyFin.comW Living Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The company anticipates a challenging environment for FY25, with H1 Australian Food EBIT expected to be below previous expectations due to lower margin sales mix and increased supply chain costs.
Positive Outlook
- Continued focus on providing value and convenience to customers, especially during the Christmas trading period.
- Optimizing commercial programs to offer compelling value and improve promotional effectiveness.
- Productivity program remains on track to mitigate wage cost increases.
- Additional steps planned in calendar 2025 to increase productivity ambition.
- Commitment to delivering long-term sustainable value for shareholders.
Challenges Ahead
- Customers remain under real cost-of-living pressure, leading to value-conscious purchasing.
- Lower margin sales mix due to competitive factors and strong eCommerce growth impacting earnings.
- Australian Food EBIT for H1 FY25 is forecast to be below previous expectations, within a range of $1,480 million to $1,530 million.
- Incremental supply chain costs of $40 million impacting H1 FY25 EBIT.
- Wage cost growth is expected to remain elevated in FY25.
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Key Statistics
Market Cap
$287M
P/E Ratio
-4.46
Sector
Communications
Industry
Major Telecommunications
52-Week High
$5.75
52-Week Low
$3.21
Group Sales
$18B
Group eCommerce Sales
$2.4B
Group VOC NPS
46
Australian Food Comparable Sales Growth
2.3%
Australian Food eCommerce Penetration
14.5%