Woolworths Group Ltd (WOW.xasx)

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Woolworths Group Ltd (WOW.xasx) Profile

Woolworths Group Ltd (WOW.xasx) is an Australian company engaged in retail headquartered in Bella Vista. It is the largest company in Australia by revenue and the second-largest in New Zealand. Woolworths Group’s supermarkets and discount department stores specialise in groceries such as vegetables, fruit, meat, packaged foods, but also sells magazines, DVDs, health and beauty products, household products, pet and baby supplies, and stationery to customers with 1,052 Woolworths Supermarkets and Metro Food Stores in Australia, 179 stores in New Zealand under BIG W brand and with a total number of stores reaching 3,357. The company operates mainly under Woolworth Supermarkets, Everyday Rewards, BIG W, and Countdown brands. Woolworths employs more than 200,000 team members, has almost 29M customers across their brands every week and has a market cap of $49.47B (AUD) as of November 2021. Woolworths Group Ltd (WOW.xasx) stock is listed on the Australian Securities Exchange (ASX) and had a $1.97B (AUD) in 2021 yearly revenue. Woolworths extended its alcohol, hotel, and gambling businesses into a new ASX-listed company, Endeavour Group, which holds Dan Murphy’s, BWS, ALH, Cellarmasters, and Jimmy Brings brands in 2021.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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