Business
The Coles (ASX:COL) share price is down 10% in two days: Time to buy?
The Coles Group Ltd (ASX: COL) share price was out of form again on Thursday and tumbled lower.
The supermarket giant’s shares finished the day 5.5% lower at $16.23.
This means the Coles share price is now down 10.5% over the last two trading sessions.
Why is the Coles share price tumbling lower?
The catalyst for this decline has been the release of Coles’ half year results on Wednesday.
Although the company delivered a strong result, concerns over market share losses and a tough near term outlook have been weighing on the Coles share price.
In case you missed it, Coles reported an 8% increase in revenue to $20,569 million and a 14.5% increase in net profit to $560 million for the six months ended 31 December. This was driven…
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