Metcash Ltd

MTS: XASX (AUS)

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

Johannes Faul

Apr 15, 2026

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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Metcash Ltd

Metcash: Independent Grocers Hold Their Own In-Store, but Lose Out Online

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