27/02/2025 17:18

Coles (COL) $20.38

COL +3.5%: Released solid 1H25 results as the grocer posted a strong 1H and a decent run-rate moving into 2H in its Supermarkets division. 

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31/10/2024 09:12

Coles Group Ltd (COL) $17.70

COL was dragged down 2.4% following Woolies' (WOW) disappointing downgrade and subsequent 6.1% drop. In simple extrapolation, if WOW has margin issues due to discounting, COL will alos likely be impacted to a lesser or greater degree.

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24/10/2024 09:46

Coles Group (COL) $18.16

Much of what we wrote around WOW clearly applies to COL. Last month we described COL as a “high-risk” defensive play, with the courts set to determine the short-term pain from its price manipulation, the final report for the inquiry is due to be provided to the Government by the 28th of February 2025

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25/09/2024 09:24

Coles Group Ltd (COL) $18.03

MM would become more interested in COL in the $17 region

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25/06/2024 09:19

Coles Group Ltd (COL) $17.10

COL delivered a better 3Q trading update than WOW, but it was not enticing enough to take the supermarket giant onto our Hitlist. Its hard to envisage COL pushing much further above $17 as population growth and supermarket pricing become major political footballs into 2025’s election, i.e.  a classic case of “if in doubt stay out”, especially after the stocks bounced ~15%.

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31/05/2024 09:19

Coles Group Ltd (COL) $16.14

Of the two major names, COL’s has outperformed, however it was coming from a lower base and has more room for improvement, although its share price is unchanged for 2024 – hardly exciting. Their 3Q trading update in late April was better than WOW, although it still only received a mixed reception.

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30/04/2024 16:49

Coles (COL) $16.22

COL +0.31%: The supermarket giant released a 3Q trading update today to mixed reviews, though the important aspects seemed largely positive. Sales for the supermarkets side was up 4.2% on a like-for-like basis, slightly ahead of expectations. The growth came despite slowing food inflation, down to 2.9% and industry data suggests Coles picked up some market share in the quarter.

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27/02/2024 16:50

Coles Group (COL) $16.75

COL +5.48%: a good 1H from Coles, they looked to have edged Woolworths in the half on the back of a strong Supermarkets performance. EBIT at $1,064m was  ~5% beat mostly on the back of a better-than-expected margin out of Supermarkets.

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12/09/2023 09:28

Coles Group Ltd (COL) $15.95

Coles was slammed in August following a poor result with blame put at the door of inflationary pressures and costs. When comparing Coles to Woolworths, the performance differential is stark as Coles deals with many years of underinvestment in key processes.

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22/08/2023 17:04

Coles (COL) $16.01

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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