Coles maintains steady interim dividend amid profit dip
The country's second-largest supermarket business, Coles (ASX:COL), has announced a steady interim dividend despite a slight dip in profit for the 27 weeks ending December 31.
Read More
Coles Group Limited
For Coles to be at its best we need a shared vision, purpose and strategy as well as a culture that values consistent behaviours.
Our vision is to ‘become the most trusted retailer in Australia and grow long-term shareholder value’.
Becoming the most trusted retailer in Australia means we are reliable and responsible, and delivering on our purpose. We have millions of shareholders and that’s why it’s important that we focus on long-term shareholder value.
Our purpose is to ‘sustainably feed all Australians to help them lead healthier, happier lives’.
This is why we exist. We have an important role to play to sustainably feed all Australians. From food waste to a sustainable food chain, we want to be sure we’re here for another century, creating jobs, supporting our suppliers and making a positive difference in our local communities.
Our strategy is all about changing at pace, efficiency and innovating for the future and outlines how we will deliver for our customers and teams.
Videos
Videos coming soon for Coles Group Limited.
All Coles Group Limited Content
News
Coles falls short of Woolies
Coles (ASX:COL) fell short of matching the September quarter sales performance of its bigger supermarket rival, Woolworths.
Read More
Coles posts modest 4.8% profit increase
Australian supermarket operator Coles (ASX:COL) has reported a 4.8% rise in its full-year cash profit, amounting to $1.1 billion, driven by a solid surge in revenue from its grocery division.
Read More
Coles Breaking Records and (Finally) Smashing Ceilings
Supermarkets giant Coles has appointed the first female CEO in its 100-year plus history after earlier reporting a cost cutting-driven record interim profit of $643 million.
Read More
Food Inflation Curbs Coles’ Sales Growth
Coles says that first quarter food inflation climbed 7.1% up from 4.3% in the June quarter which saw its supermarkets sales growth slow to a 1.6% rate to $8.8 billion.
Read More
Analyst Views
COL – UBS rates the stock as Neutral
The Neutral rating is retained and the target price increases to $18.75 from $18.00.
Read More
COL – Morgans rates the stock as Add
The broker maintains its Add rating and increases its target to $20.65 from $19.70.
Read More
COL – Credit Suisse rates the stock as Neutral
Neutral maintained. Target rises to $18.81 from $18.32.
Read More
COL – UBS rates the stock as Neutral
The broker retains its Neutral rating and $17.25 target price.
Read More
COL – UBS rates the stock as Sell
Negative view on food retailing forms the basis as to why both main players in the sector are now rated Sell. UBS also notes Woolworths supermarkets continue to outperform. Target $16.50.
Read More
