The Woolworths Group Ltd (ASX: WOW) share price is in the green today despite the broader market's slump.
Right now, stock in the supermarket giant is up 1.04%, trading for $35.02. For comparison, the S&P/ASX 200 Index (ASX: XJO) has slumped 0.18%.
So, what might be going right for the Woolies share price on Monday? Let's take a look.
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What's boosting the Woolworths share price today?
The Woolworths share price is outperforming today alongside the company's home sector.
The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) is also up 0.98% at the time of writing, which might be rubbing off on the Woolworths share price.
Among the Consumer Staples index leaders is Woolies' peer Coles Group Ltd (ASX: COL). Stock in Coles has lifted 1.45% right now.
Shares in Endeavour Group Ltd (ASX: EDV) – spun out of Woolworths last year – are also gaining, rising 0.63%.
The last time the market heard price-sensitive news from Woolworths was a little over two weeks ago. Then, it dropped an update on its performance over the three months ended 30 September.
The stock tumbled 3.5% on the update's release. Fortunately, it has since regained that loss, and more.
The Woolworths share price is currently 6% higher than it was this time last month. Though, it's still 9% lower than it was at the start of 2022 and 13% lower than it was this time last year.
For comparison, the ASX 200 has dumped 6% year to date and 3% over the last 12 months.
