Can This Top ASX Stock Still Offer Good Returns in its Centenary Year?

"Woolworths Group Limited (ASX: WOW)

Moderating inflation in Food businesses and weak consumer sentiment impacting discretionary spending reflect a challenging operating environment. Woolworths Group Limited, one of the good Fundamental Stocks, announcing its results for financial year FY24 ended 30 June 2024, indicated that after a strong first half, it was striving hard in H2 to address fast changing customer expectations.

Throughout the year, Woolworths consolidated its three marketplaces into a unified Group platform known as Woolworths MarketPlus (WMP), which encompasses Everyday Market, MyDeal, and BIG W Market. The launch of BIG W Market in November 2023 has seen a robust performance, achieving $44 million in Gross Merchandise Value (GMV) for the financial year and contributing to a 12.1% growth in Woolworths MarketPlus GMV for FY24.
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