Business
Coles (ASX:COL) share price in focus after Q3 sales update
The Coles Group Ltd (ASX: COL) share price will be one to watch closely this morning.
This follows the release of the supermarket operator’s third quarter update.
How is Coles performing?
As expected, due to the company cycling the panic buying one year ago at the height of the pandemic, Coles has reported a decline in quarterly sales.
According to the release, Coles recorded total sales of $8,758 million for the third quarter. This was down 5.1% from the prior corresponding period but up 7.2% from the same period in FY 2019.
Given that Goldman Sachs was forecasting total sales of $9,039.6 million for the period, this may not bode well for the…
-
General17 hours agoTwo people arrested after man fatally shot at McLaren Flat
-
General8 hours agoICAC investigating University of Wollongong as chancellor grilled at Inquiry
-
General15 hours agoWarner Bros Discovery board rejects rival $163bn bid from Paramount
-
General21 hours agoMan refused bail charged with depicting Adolf Hitler and Nazi symbols on boat