Coles Sees Flat 1H27 Supermarkets Earnings, 7% Below Forecasts
Coles says price investment, heavier competitor promotions and rising fuel costs will leave first-half Supermarkets earnings flat, versus market expectations for mid-single-digit growth.
Coles (COL) says price investment, heavier competitor promotions and rising fuel costs will leave first-half Supermarkets earnings flat, well-short of market expectations of mid-single digit growth.The sizeable guidance miss follows a series of sales slowdown warnings from top retailers including J…