Coles Group (ASX: COL) was split from the broader Wesfarmers conglomerate (which owns Bunnings Warehouse) in November 2018 after 10 years of ownership. However, the Coles name has operated in Australia for 100 years. Today, Coles is one of the largest retailers in the country, serving 21 million customers per week across its supermarkets, Coles Express, Online, Vintage Choice and others.
The Coles Group Ltd (ASX:COL) share price is down amid news relating to higher wage remediation costs for managers.
The Coles Group Ltd (ASX:COL) share price fell over 1% despite reporting strong sales growth in the third quarter of FY23.
The Coles Group Ltd (ASX:COL) share price is in focus after the supermarket business announced it was spending $105 million on two milk processing facilities.
The Coles Group Ltd (ASX:COL) share price is higher after the supermarket business reported strong profit growth.
The Coles Group Ltd (ASX:COL) share price went down 2.6% today in reaction to the company’s FY23 first quarter update.
The S&P/ASX200 (INDEXASX: XJO) rose 0.3% on Wednesday as the Megaport Ltd (ASX: MP1) share price dived and Pilbara Minerals Ltd (ASX:PLS) share price rises.
Drew Meredith and Owen Rask are back for ASX Reporting Season covering Boral Ltd (ASX:BLD), Kogan.com Ltd (ASX: KGN), Coles Group Ltd (ASX:COL) and Altium Ltd (ASX:ALU).
The Coles Group Ltd (ASX:COL) share price has dropped 4% after the supermarket giant announced its FY22 result.
Paul Taylor is the Head of Australian Equities at Fidelity International and portfolio manager of the Fidelity Australian Equities Fund. He joined our Founder Owen Rask for a discussion about his investment process, company research techniques, value investing and so much more.
