Woolworths (WOLWF) is one of the largest supermarket operators in Australia. It benefits from the duopolistic industry structure in Australia. In addition, its leading market position and scale resulted in a low cost of doing business, high bargaining power, and a vast store network offering convenience to customers. I expect these attributes to enable Woolworths to continue to maintain market share and protect operating margins.
COVID-19 outbreaks around the globe have introduced considerable economic uncertainty. The effects on the Australian economy and domestic consumer spending are difficult to gauge, but I expect demand for most