Australia's Coles advances on higher quarterly revenue, steady outlook

Coles

01/05/2026 02:31

** Shares of Coles COL.AX rise as much as 1.2% to A$22.375, their best intraday trading session since April 20

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

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

** Brokerage Jarden said Coles gave "nothing quantitative" on price increase requests or rising fuel costs, suggesting it saw no need to update the market as a positive

** Supermarkets' sales revenue growth for the early part of the fourth quarter has largely remained in line with the prior quarter, company says

** YTD, stock up 4.2%, including the day's moves

($1 = 1.3889 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))