BUZZ-Australia's Coles eyes worst day in nearly 6 years on weak HY performance

Reuters02-27
BUZZ-Australia's Coles eyes worst day in nearly 6 years on weak HY performance

** Shares of Coles Group COL.AX fall as much as 7.9% to A$20.44, hitting their lowest level since January 29

** Stock set for weakest intraday trading session since March 31, 2020

** Stock top loser on benchmark ASX 200 index .AXJO

** Australia's second-largest grocer flags a soft start to H2 FY2026

** Co reports 11% decline in HY post-tax profit attributable to A$511 mln ($362.71 mln), missing Visible Alpha consensus of A$674.5 mln

** Announces interim dividend of 41 Australian cents a share

** Including session's moves, stock down 5% YTD

($1 = 1.4088 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment