Eyes on Coles Group Ltd (COL) after a solid result
Coles Group Ltd (COL) -1.54% - Supermarket operator COL delivered a solid result in April with sales growth driven by accelerating inflation, everything looks solid over the next year or two.
Why did Coles (COL) shares fall on its result
COL -7.06%: FY23 numbers out for the staples business, Coles was largely in line but it looks like it gets harder from here. Revenue of $41.5b was largely in line while EBIT at $1.97b was a small miss, driven by a softer-than-expected Supermarket result.
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