The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 0.08% on Tuesday.
Australian Dollar ($A) (AUDUSD): 68.66US cents
Dow Jones (DJI): down 0.07%
Oil (WTI): $US55.50 per barrel
Gold: $US1,488 per ounce
ASX Sharemarket News
In ASX sharemarket news, Woolworths (ASX: WOW) has released its September 2019 quarter sales report.
The large supermarket company reported that total first quarter sales from continuing operations (which excludes petrol) grew by 7.1% to $15.9 billion. Australian Food sales grew by 7.8% to $10.66 billion, driven by 6.6% comparable growth.
Management attributed the result to the success of Lion King Ooshies, Discovery Garden and the continued growth of Online, which saw online sales growth of 43.2%.
Other divisions saw growth, New Zealand Food sales grew by 8%, Endeavour Drinks sales grew by 4.9%, Big W sales grew by 2.6% and Hotels sales grew by 5.5%.
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Buy now, pay later company Zip (ASX: Z1P) has also announced its quarterly update for September 2019.
Its quarterly revenue grew by 15% compared to the June 2019 quarter to $31 million, with receivables also up 15% to $783.6 million over the quarter.
Zip also revealed that during the September quarter it added 147,000 customers. Year on year, quarterly transaction volume grew by 111% to $402.1 million.
Management were pleased to report it remained cashflow breakeven despite all of the investing. It also achieved “market-leading” credit performance of 1.68% of net bad debts.
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Suncorp (ASX: SUN) announced some leadership team changes today.
Its Banking & Wealth CEO, David Carter, is going to be leaving the company in early 2020 to become CEO of Queensland’s RACQ. A recruitment process has started.
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.