Australia's Coles advances on higher quarterly revenue

Coles

01/05/2026 03:56

Updates

** Shares of Coles COL.AX rise as much as 2.2% to A$22.375, their best session since April 2

** Stock among top gainers in Australian consumer staples sub-index .AXSJ

** Australia's second-largest grocer posted 3.1% rise in total group sales revenue to A$10.70 billion ($7.70 billion), broadly in line with estimates

** Jarden says Coles gave "nothing quantitative" on price increase requests or rising fuel costs, sees no need to update market as positive

** "Coles' Q3 sales update showed a supermarket business holding up well despite the broader cost-of-living squeeze," says Josh Gilbert, lead analyst at eToro

** Avg rating at "buy" or higher; median PT is A$23, LSEG data shows

** YTD, stock up 5.1%, including the day's moves

($1 = 1.3889 Australian dollars)

 (Reporting by Shivangi Lahiri and Aamir Sheik Khalid in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com
Aamir.SheikKhalid@thomsonreuters.com))