ASX:COLConsumer Retailing
Coles Group (ASX:COL) Shares Track Online Strength As Growth Cools
Coles Group walked into this result with the stock up 11.7% over three months and trading on a rich P/E of 29.5%, priced as a dependable supermarket compounder. The headline today is that the earnings engine largely lived up to that premium. Full year underlying net profit after tax reached A$1.09b and group revenue came in at A$45.6b, with food supermarkets and a fast growing A$5.6b eCommerce arm doing the heavy lifting.
Is Coles Group’s 29.5x P/E a justified premium for a supermarket...