Coles Group Limited (ASX: COL)
Australia
· Delayed Price · Currency is AUD | Market Cap | 21.83B |
| Revenue (ttm) | 81.83B |
| Net Income (ttm) | 2.20B |
| Shares Out | 1.33B |
| EPS (ttm) | 1.64 |
| PE Ratio | 21.45 |
| Forward PE | 18.83 |
| Dividend | 0.66 (4.05%) |
| Ex-Dividend Date | Mar 5, 2024 |
| Volume | 1,611,943 |
| Open | 16.45 |
| Previous Close | 16.44 |
| Day's Range | 16.25 - 16.48 |
| 52-Week Range | 14.82 - 18.70 |
| Beta | 0.26 |
| Analysts | n/a |
| Price Target | 17.39 (+6.69%) |
| Earnings Date | Feb 27, 2024 |
About Coles Group
Coles Group Limited operates as a retailer in Australia. It operates through Supermarkets, Liquor, and Express segments. The company operates 835 supermarkets; and coles.com.au, which offers a choice of home delivery, including same-day, overnight drop and go services, and pick up from click and collect locations. Its Coles Financial Services provides insurance, credit cards, and personal loans to Australian families. The company is also involved in the retailing of liquor through its 933 stores under the Liquorland, First Choice, First Choice ... [Read more]
Financial Performance
In 2023, Coles Group's revenue was 40.59 billion, an increase of 5.87% compared to the previous year's 38.34 billion. Earnings were 1.10 billion, an increase of 4.77%.
Financial StatementsNews
Smaller grocery stores ‘annihilated’ by major supermarkets’ tactics, Queensland inquiry told
Aldi, IGA and Foodworks have appeared at Queensland’s supermarket pricing a day after Coles and Woolworths were grilled Smaller grocers have slammed the business tactics used by retail giants, telling...
Trust in Coles, Woolworths sinks amid rise in cost of living and public scrutiny, survey shows
Roy Morgan survey data shows public trust in the major supermarket brands has tanked in 2024.
Supermarkets inquiry: forcibly break up major retailers for anti-competitive behaviour, report says
Senate committee examined how major chains including Coles and Woolworths have set prices during Australia’s cost of living crisis Get our morning and afternoon news emails , free app or daily news po...
Woolworths’ outgoing CEO warns tough times will last a year
Supermarket sales only grew 1.5 per cent in the March quarter as rival Coles managed 5.1 per cent, and Brad Banducci battled shoppers cutting back.
Best supermarket frozen chips: Choice names same brand as the top and bottom performer
Consumer advocacy group hands gold medal to a thin and crispy chip – although the same brand’s shoestring fries are also the worst-ranked product Get our weekend culture and lifestyle email Beer-batte...
Coles shelf price inflation softens, liquor sales fall
Supermarkets price inflation reduced to 2.2 per cent in the third quarter due to deflation in fresh produce, meat and bakery goods.
Australia's Coles eyes more product volume as cooling inflation lures shoppers
Australian No.2 grocery chain Coles said on Tuesday it was asking suppliers to ship more product after a slowdown in inflation encouraged shoppers to buy more, pushing its March quarter supermarket sa...
Super growers take on Woolies, Coles with private equity cash
Giant pension funds from Canada, Singapore and US private equity are behind super producers who account for half the $9.1 billion fruit and vegetable market. Bigger is better, and Australia is mirrori...
More empty shelves ahead in WA supermarkets as Coles and Woolworths try to restock stores
Some Perth supermarket shelves have been sparsely stocked since flooding disrupted freight routes.
Jail threat, apologies as Woolworths and Coles supermarket chiefs face Australian senate inquiry
A parliamentary hearing on prices at the checkout got fiery.
Australian grocery groups undergo Senate grilling on price-gouging allegations
Bosses of Woolworths and Coles defend profitability on first day of inquiry
Barry Diller teams up with Ben Sherwood and Joanna Coles to revamp The Daily Beast
Deal terms were not disclosed but New York Times reported Monday that Coles and Sherwood are grabbing a minority stake equivalent to half of the digital news site with parent-company IAC retaining the...
Without competition, Coles and Woolworths misuse their market power – and the Australian public gets screwed | Abdel Badoura
Make no mistake about it – we find ourselves in a cost-of-living crisis because there is no true competition in the supermarket industry Follow our Australia news live blog for latest updates Get our ...
Emerson review has no evidence to support mandatory supermarket code
Amazon and Bunnings aren’t covered because consumers love them. That shows it is all about political cover to bash Coles and Woolworths for inflation.
Coles and Woolworths chiefs to face Senate over growing profits during cost-of-living crisis
Leah Weckert and Brad Banducci to front upper house inquiry on 16 April amid intense public scrutiny of supermarket sector Get our morning and afternoon news emails , free app or daily news podcast Th...
Big business in Australia faces less competition than almost anywhere else – and likes it that way | John Quiggin
There are calls to break up the supermarkets, but divestiture powers could be more useful in other sectors of the economy Get our morning and afternoon news emails , free app or daily news podcast Sup...
ASX 200 LIVE: Shares to rise, US March CPI tops weekly agenda, Coles and Woolies in focus
Australian shares are set to open higher. Coles and Woolies to hit trading after Emerson review. Qantas frequent flyer program pending. Follow here for more.
Coles cuts cash withdrawals; Esther House survivors share stories; and can millennials unscrew themselves?
Want to get this in your inbox every weekday? Sign up for the Afternoon Update here , and start your day with our Morning Mail newsletter . Welcome, readers, to Afternoon Update. Coles has announced a...
Coles halves cash withdrawal limit in supermarkets amid fears of Armaguard collapse
Retailer’s action taken to avoid cash shortage if the money-moving company were to reduce or cease deliveries Follow our Australia news live blog for latest updates Get our morning and afternoon news ...
Coles hoards cash over Easter as Armaguard teeters on the brink
The Lindsay Fox-controlled monopoly has engaged former ACTU secretary Bill Kelty to lead negotiations with major banks over a rescue package.
East coast can’t transition without gas
Readers’ letters on the gas market and its place in energy transition; the state of Victoria; the push to break up Coles and Woolworths; and the art of writing a Letter to the Editor
Egg farmers prepare for legal action while waiting for government to release new industry standards
Coles, Woolworths and Aldi have pledged to phase out or ban battery cage eggs from their supply chains by 2025.
Where your spend at Coles and Woolworths is really going
The supermarkets are not profit gouging: less than $3 of every $100 spent goes to profits. Look at the market power of brewers and big tech instead.
Watchdog would get powers to ‘smash’ supermarket duopoly under Greens bill
The party will table a private senator’s bill this week to enable the ACCC to force Coles and Woolworths to sell off parts of their business Get our morning and afternoon news emails , free app or dai...
Greens’ farming ‘crisis point’ is rubbish
The Greens are using farmers as allies of convenience to pursue their left-wing populist campaign against the supposed price and profit gouging of Coles and Woolworths.