Coles Group (COL) - Strong showing
March 11, 2025
Coles Group Limited operates as a retailer in Australia through various supermarkets, which offers fresh food, groceries, general merchandise, and liquor.
The company reported first-half FY25 earnings ahead of market expectations, underpinned by robust sales growth in its food and liquor operations, although the interim dividend fell just short of forecasts.
The No.2 supermarket chain also flagged a positive start to the second half, with sales growth in the first seven weeks slightly ahead of that reported by larger rival Woolworths.
Ord Minnett was impressed by the tight rein on costs and solid revenue growth that allowed Coles to deliver a strong margin performance, with the company outperforming Woolworths in recent periods. We maintain our Accumulate recommendation on Coles, although our target price increases to $21.00 from $19.50.
Insights that count
Discover the best opportunities to outperform the market. Our research team dig deep into the market, company and stock data to bring you insights others might overlook.
Transurban Group (TCL) – Hands on the wheel
Transurban Group owns and operates more than 20 toll roads in Melbourne, Sydney, Brisbane, the Greater Washington region in the US, and in Montreal, Canada.
Goodman Group (GMG) – Growing pipeline
Goodman Group develops and operates logistics properties and data centres in major cities across Australia, New Zealand, Asia, Europe, the UK and the Americas.
GQG Partners (GQG) – Outflows persist
GQG Partners operates as a boutique asset management company in global markets.
.jpg)