Australia's Coles jumps on better-than-expected FY26 sales revenue growth

Coles

26/08/2025 01:16

** Shares of Coles Group COL.AX rise as much as 8.1% to A$22.40, their highest level since May 12

** Australia's No. 2 supermarket chain said sales revenue grew 4.9% in first eight weeks of FY26, beating Visible Alpha consensus of 3.6%

** Stock top gainer on benchmark S&P/ASX 200 index .AXJO

** Stock marks its biggest intraday gain since mid-March, 2020

** However, co reported a lower-than-expected annual profit of A$1.08 bln ($701.78 mln), below Visible Alpha consensus estimate of A$1.11 bln

** Stock up 18.7% this year, including the day's move

($1 = 1.5389 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))