Coles lifts underlying earnings on strong supermarket and online growth

Coles Group ( (AU:COL) ) has shared an announcement.

Coles Group reported half-year group sales revenue of $23.6 billion, up 2.5%, and group EBIT excluding significant items of $1.23 billion, an increase of 10.2%, while underlying NPAT rose 12.5% to $676 million and an interim fully franked dividend of 41 cents per share was declared. The result was driven by strong Supermarkets performance, with adjusted sales revenue growth ex-tobacco of 6.1%, 14.6% EBIT growth, a 27.0% rise in eCommerce sales, and tangible benefits from automation and operational efficiencies, alongside improved customer satisfaction across key metrics and the completion of Liquorland banner simplification conversions.

The strong uplift in underlying earnings and digital engagement underscores Coles’ ability to leverage value-focused execution and efficiency initiatives to strengthen its competitive position in food and liquor retailing. Continued investment in automation, online capability and store experience is enhancing operational resilience and customer loyalty, supporting sustainable growth despite one-off significant items related to prior legal proceedings.

The most recent analyst rating on (AU:COL) stock is a Buy with a A$25.00 price target. To see the full list of analyst forecasts on Coles Group stock, see the AU:COL Stock Forecast page.

More about Coles Group

Coles Group Limited is a leading Australian supermarket and retail group operating supermarkets, liquor stores and related businesses nationwide. The company focuses on delivering value, expanding its eCommerce and digital capabilities, and improving store operations to compete in the highly competitive grocery and liquor markets.

Average Trading Volume: 2,218,950

Technical Sentiment Signal: Buy

Current Market Cap: A$29.35B

See more insights into COL stock on TipRanks’ Stock Analysis page.