How the Woolworths (ASX:WOW) share price has performed since Endeavour's demerger

It's been a month since Endeavor listed on the ASX. Here's how Woolworths' shares have been trending since.

| More on:
A laughing woman pushes her friend, who has her arms outstretched, in a supermarket trolley.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Woolworths Group Ltd (ASX: WOW) share price has gained 5.27% since Endeavour Group Ltd (ASX: EDV) split ranks and listed on the ASX.

Woolworths' shares finished Friday's session trading at $39.52, 0.89% higher than its prior closing price. It was also the Woolworths' highest closing price ever, a record it has broken every day since Wednesday.

Endeavour debuted on the ASX on 24 June 2021. At that point, Woolworths shares were going for $37.54 apiece.

Let's take a look at what Woolworths' has been up to since it spun off its hotel, liquor, and gambling holdings.

How Woolworths' shares have performed since Endeavor

While some were concerned the spin-off could be disastrous, Woolworths has gone from strength to strength since ditching Endeavor.

Despite falling 15% in intraday trade on 24 June, the Woolworths share price finished Endeavor's first day on the ASX 0.5% higher.

Since then, it appears the Woolworths share price has been boosted by COVID-19 lockdowns in Sydney, news it will open an online-only store, and the creation of a digital wallet.

However, the next boost to Woolworths might come from its latest market campaign.

Today's Fresh Food People

The Woolworths share price was higher on Friday amid the launch of the company's new brand campaign.

While the marketing campaign likely had little effect on the Woolworths share price, it might have moved viewers of the Tokyo Olympic Games.

The new campaign was first broadcast on television during the opening ceremony on Friday night.

It's a reimagining of the now 34-year-old Fresh Food People campaign, titled Today's Fresh Food People.

According to Woolworths, the campaign celebrates the diversity of the employees of Woolworths' supermarkets, Metro stores, online marketplace, and the Woolworths Food Company.

Woolworths' chief marketing officer Andrew Hicks commented on the campaign, saying:

Australia and the world has changed profoundly over the last 18 months, and so have the expectations of our customers. As today's fresh food people, we need to evolve and grow with them…

[We] will continue our focus on our team bringing a little good to everyone everyday while ensuring our priorities match customers' expectations on how we can create a better tomorrow for all Australians. Keeping Australians COVID-safe and the care we show for team and customers during these times will also continue and be a key part of what it means to be Today's Fresh Food People.

Woolworths share price snapshot

It goes without saying that the Woolworths share price has been having a good run lately.

Woolworths shares have gained 16% since the beginning of 2021. They're also 20% higher than they were this time last year.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Retail Shares

A happy young couple celebrate a win by jumping high above their new sofa.
Retail Shares

Why this ASX 300 furniture retailer is soaring on Monday

The Nick Scali share price is soaring after the furniture retailer delivered a solid earnings upgrade.

Read more »

ecommerce asx shares represented by santa doing online shopping on laptop
Healthcare Shares

Looking for ideas before Christmas? These 2 ASX shares stand out to me

Two ASX shares at opposite ends of the market are catching my attention as the year draws to a close.

Read more »

A man points at a paper as he holds an alarm clock, indicating the ex-dividend date is approaching.
Retail Shares

Where will Wesfarmers shares be in 3 years?

This business continues to be an impressive long-term performer.

Read more »

Stressed shopper holding shopping bags.
Retail Shares

Bell Potter names three retail stock picks for your Christmas hamper

These three retail stocks will help set you up for a strong start to 2026, the broker says.

Read more »

A happy young couple celebrate a win by jumping high above their new sofa.
Share Market News

What could keep Harvey Norman shares climbing in 2026?

The property assets and share buyback program could carry the rally into 2026.

Read more »

A woman smiles over the top of multiple shopping bags she is holding in both hands up near her face.
Broker Notes

Broker tips 68% upside for Myer shares following brutal sell-off

Could a turnaround be on the cards?

Read more »

A mature aged man with grey hair and glasses holds a fan of Australian hundred dollar bills up against his mouth and looks skywards with his eyes as though he is thinking what he might do with the cash.
Dividend Investing

Here's how another $5,000 invested in this high-yield ASX 200 star could boost my dividend income over time!

This high-yield ASX 200 retailer has slipped under $1, but its dividend profile remains one of the strongest in the…

Read more »

Woman looking at prices for televisions in an electronics store.
Retail Shares

Up 50% in 2025, should you buy Harvey Norman shares before Christmas?

Two leading investment experts deliver their verdicts on Harvey Norman’s surging shares.

Read more »