DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Daniel Munoz - 2 Australia's - 2 Coles - 2 Nausheen Thusoo - 2 Sameer Manekar - 2 Krishna Chandra Eluri - 2 Matthew Lewis - 2 Gerry Doyle - 1
Top related locs:
Sydney Australia Melbourne Bengaluru
Top related orgs:
Coles - 2 REUTERS - 2 cps - 2 Australia's Coles - 2 Thomson - 2 Jefferies - 1 UBS - 1 Coles Group Ltd - 1

Search resuls for: "Australia's Coles"


4 mentions found


☆ Australia's Coles annual profit misses estimates; shares slip
  + stars: | 2023-08-22 | by ( Nausheen Thusoo | ) www.reuters.com   time to read: +2 min
A woman walks in the fruit and vegetables section at a Coles supermarket in Sydney, Australia, February 20, 2018. Coles flagged modest supermarket sales for early fiscal 2024 alongside early signs of customers shifting from out-of-home dining. Shares of Coles Group Ltd (COL.AX) are down 3.8 % at A$16.63 as at 0002 GMT, making it one of the top losers on the benchmark. Coles' higher profit comes on the back of higher supermarket sales, which help offset flat liquor sales revenue for the year. The supermarket division, Coles' biggest revenue-generating segment, incurred A$36,746 million revenue during the year, 6.1% higher than a year ago.
Persons: Daniel Munoz, Australia's, Coles, Nausheen Thusoo, Sameer Manekar, Krishna Chandra Eluri, Matthew Lewis, Gerry Doyle Organizations: Coles, REUTERS, cps, Australia's Coles, Jefferies, UBS, Coles Group Ltd, Thomson Locations: Sydney, Australia, Melbourne, Bengaluru
☆ Australia's Coles flags modest start to fiscal 2024; 2023 profit rises
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: +2 min
A woman walks in the fruit and vegetables section at a Coles supermarket in Sydney, Australia, February 20, 2018. 2 grocer said supermarket volumes have remained modestly positive for fiscal 2024 compared with the prior corresponding period alongside early signs of customers shifting from out-of-home dining. The Melbourne-based company also said it expects cost-of-living pressure to remain for Australian households in fiscal 2024. Coles' higher profit comes on the back of higher supermarket sales which help offset flat liquor sales revenue for the year. The supermarket division, Coles' biggest revenue-generating segment, incurred A$36,746 million revenue during the year, 6.1% higher than a year ago.
Persons: Daniel Munoz, Australia's, Coles, Nausheen Thusoo, Sameer Manekar, Krishna Chandra Eluri, Matthew Lewis Organizations: Coles, REUTERS, cps, Australia's Coles, Thomson Locations: Sydney, Australia, Melbourne, Bengaluru
☆ Australia's Coles sees shoppers tightening wallets after first-half profit jump
  + stars: | 2023-02-20 | by ( ) www.reuters.com   time to read: +2 min
Feb 21 (Reuters) - Australian grocer Coles Group Ltd (COL.AX) on Tuesday posted a 17% jump in first-half profit and forecast cost pressures would ease in the second half, but the country's No. 2 grocer warned that shoppers may cut spending as higher interest rates bite. Net profit after tax for the six months ended December rose to A$643 million ($444 million) from A$549 million reported a year ago. Cole's cost reduction program, Smarter Selling, brought savings of about A$100 million in the first half, while COVID-19 related costs dropped to A$20 million from A$150 million a year ago. Separately, Coles said it has promoted Leah Weckert to chief executive officer from May 1 to replace Steven Cain, who is retiring.
☆ Australia's Coles flags climate challenge as floods push up inflation
  + stars: | 2022-10-25 | by ( Byron Kaye | Harshita Swaminathan | ) www.reuters.com   time to read: +3 min
2 grocer Coles Group Ltd flagged climate change as its next big operational challenge on Wednesday as floods pushed up prices in the first quarter, lifting sales revenue but squeezing the farming supply chain. Coles shares fell 3% by mid-session, against a flat overall market, as analysts weighed the impact of inflation, which economists also blame on soaring energy prices, on profit growth. Shares of larger rival Woolworths Group Ltd, which reports September quarter sales on Nov. 3, were also down 3%. At its annual meeting, Woolworths CEO Brad Banducci said inflation remained a concern and the company expected the operating environment to remain challenging. With Australian inflation at a 32-year high of 7.3% in the September quarter, Coles CEO Cain said cost of living pressures were changing customer behaviour, with lower-income shoppers buying less fresh produce and more canned goods, and “catering in bulk” to reduce food waste.
0 next >>
Total: 4