Metcash Ltd

MTS: XASX (AUS)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Metcash: Independent Grocers Hold Their Own In-Store, but Lose Out Online

Grocers supplied by Metcash are underperforming the two major chains, which are seeing much stronger growth online than in-store. Metcash's independents have limited exposure to this fast-growing channel. On the flip side, Metcash's sales are over-exposed to the shrinking legal tobacco market.

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