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Tag: COL

Broker News

COL – Morgan Stanley rates the stock as Equal-weight

October 30, 2019October 30, 2019 - by Broker News

First-quarter sales were broadly in line with Morgan Stanley’s expectations. Like-for-like sales growth in supermarkets was 0.1%.

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Shares

Coles Shares Rally After Q1 Sales Top Analysts Forecasts

October 30, 2019October 29, 2019 - by Glenn Dyer

Coles shares rebounded yesterday after its first-quarter sales performance was better than expected by analysts.

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Shares

Analysts Downgrade Coles Ahead Of Q1 Sales Report

October 29, 2019October 28, 2019 - by Glenn Dyer

Signs of investor worries about the first quarter trading performance of our two biggest retailers – Woolworths and Coles which are both due to update the market this week on how they went in the three months to the end of September.

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Broker News

COL – UBS rates the stock as Sell

August 23, 2019August 23, 2019 - by Broker News

The company’s maiden FY19 result was messy, UBS observes, but in line with expectations. Supermarket earnings were 3% ahead of the brokers forecasts.

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Shares

Coles Pays Special Dividend Despite Earnings Fall

August 23, 2019August 22, 2019 - by Glenn Dyer

In the wider retail sector the country’s second major supermarket chain, Coles Group has completed the financial year with OK trading figures, but a one-off surprise for shareholders.

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Broker News

COL – UBS rates the stock as Sell

June 19, 2019 - by Broker News

UBS found two positive surprises from the company’s strategy briefing. Fourth quarter like-for-like sales were ahead of expectations and $1bn of cumulative cost reductions by FY23 were announced.

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Shares

Costs Out Convinces Coles Investors

June 19, 2019June 18, 2019 - by Glenn Dyer

Coles shares hit an all-time high of $13.69 yesterday after the company revealed its new strategy, the highlight of which was of course cost cuts – $1 billion by 2023.

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Shares

Coles Wields The Axe Ahead Of Strategy Update

June 14, 2019June 13, 2019 - by Glenn Dyer

Meanwhile, Coles, yesterday revealed swingeing cuts at its head office in Melbourne with a reported 450 people departing, including some senior managers.

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Shares

Collectables Help Coles Lift Q3 Sales 2.1%

April 30, 2019April 29, 2019 - by Glenn Dyer

Coles has lifted its third-quarter food and liquor sales 2.1% to $8 billion, thanks in part to its latest kid-focused collectables campaign.

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Broker News

COL – Macquarie rates the stock as Neutral

March 27, 2019 - by Broker News

The company has undertaken an exclusive partnership with UK-based online retail group Ocado. This is expected to double the company’s home-delivery capacity and improve online margins.

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Broker News

COL – UBS rates the stock as Sell

February 20, 2019 - by Broker News

Coles’ result fell short of the broker on higher supermarket costs and lost market share in the second quarter. Liquor did well and cash flow was otherwise strong but margins compressed.

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Shares

‘Retail Calendar’ Reporting Clouds Coles Interim

February 20, 2019February 19, 2019 - by Glenn Dyer

An essentially meaningless interim result yesterday from the country’s newest listed retailer, Coles Group thanks to the spin-off from Wesfarmers and the impact on the company’s management, sales, and costs.

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Shares

Supermarket Shares On The Slide

December 5, 2018December 4, 2018 - by Glenn Dyer

Tougher times for our small listed supermarket sector? Metcash shares took a hit for a second day while the relisted Coles is feeling the pinch as well.

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Shares

Coles Returns To The ASX After 11-Year Absence

November 22, 2018November 21, 2018 - by Glenn Dyer

Coles and Wesfarmers separated yesterday without too much fuss on a day when the volatility could have done anything to the shares with Coles shares returning to the ASX at $12.41 after an 11-year absence.

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  • Next Week At A Glance
  • CHC – UBS rates the stock as Upgrade to Buy from Neutral
  • NEA – Morgan Stanley rates the stock as Overweight
  • CQR – Credit Suisse rates the stock as Neutral

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