The Woolworths Limited (ASX: WOW) share price has dropped 0.1% today and is now trading at $26.98.
Despite today's small dip, WOW shares have now risen 12% since the beginning of the year, and 15.3% over the past 12 months, with the shares trading within a range of $22.23 and $27.715 during that period.
Woolworths is one of Australia's largest and most successful businesses with a market capitalisation of almost $35 billion. The company owns and operates supermarkets throughout Australia and New Zealand, while it also owns the Big W brand.
The company has struggled in recent years given the relative strength of rivals Coles – owned by Wesfarmers Ltd (ASX: WES) – and Aldi. More recently, however, the company has started to get back on track with comparable sales once again tracking higher within its core Australian supermarkets.
Woolworths' latest quarterly results were covered by Motley Fool writer Tom Richardson in May.
