Business
What to expect from the Coles (ASX:COL) first half result
With earnings season on the horizon, I thought I would start to take a look at what is expected from some of Australia’s most popular companies.
On this occasion, I’m going to take a look at supermarket giant Coles Group Ltd (ASX: COL).
What is expected from Coles in the first half of FY 2021?
With the Coles share price up strongly over the last 12 months, expectations certainly are high for the company next month.
According to a note out of Goldman Sachs, its analysts are expecting Coles to reported group sales of $20,585.9 million for the half, which will be an increase of 9.2% on the prior corresponding period.
This is expected to be driven by an 8.7% jump in Food sales to $18,022.6 million, a 16% jump in Liquor sales to…
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