Business
Why the Metcash (ASX:MTS) share price is in focus
The Metcash Limited (ASX: MTS) share price is on watch today after a trading update from the Aussie conglomerate.
Why is the Metcash share price on watch?
The Metcash share price is worth watching after the group’s investor day saw a trading and dividend policy update.
In its Food segment, Metcash remains “positioned as an alternative” to the majors like Coles Group Ltd (ASX: COL) and Woolworths Group Ltd (ASX: WOW). This includes focusing on retailer competitiveness and retaining market share gains.
In Hardware, Metcash said it is a “clear #2 in the market” with a strong trade focus. In Liquor, Metcash also said it remains a clear #2 with its Independent Brands Australia (IBA) network of ~2,700 stores. Strong retail…
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