Coles Group Full Year 2024 Earnings: EPS Beats Expectations

Coles Group (ASX:COL) Full Year 2024 Results

Key Financial Results

• Revenue: AU$43.7b (up 7.6% from FY 2023).
• Net income: AU$1.13b (up 8.3% from FY 2023).
• Profit margin: 2.6% (in line with FY 2023).
• EPS: AU$0.85 (up from AU$0.78 in FY 2023).

COL Sales Performance

• Like-for-like sales growth: 3.4% vs FY 2023.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coles Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%.

The primary driver behind last 12 months revenue was the Supermarkets segment contributing a total revenue of AU$39.0b (89% of total revenue). Notably, cost of sales worth AU$32.3b amounted to 74% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to AU$7.67b (75% of total expenses). Explore how COL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Retailing industry in Australia.

Performance of the Australian Consumer Retailing industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Coles Group you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.