Business
Is the Woolworths (ASX:WOW) share price in the buy zone after its results?
The Woolworths Group Ltd (ASX: WOW) share price was a positive performer on Wednesday following the release of its half year results.
The retail conglomerate’s shares overcame the market weakness and rose 1% to $39.50.
This leaves the Woolworths share price trading within sight of its record high of $42.97.
How did Woolworths perform?
For the six months ended 31 December, Woolworths reported a 10.5% increase in revenue to $35.8 billion and a 15.9% increase in net profit after tax to $1,135 million.
This was driven by strong sales growth across all businesses, with the exception of its COVID-impacted Hotels.
Management notes that Australian Food, BIG…
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