Australia's Coles posts 4% drop in annual profit

Coles

25/08/2025 23:53

Aug 26 (Reuters) - Australia's Coles Group COL.AX reported a 3.5% drop in annual profit on Tuesday, as higher operating and financing costs offset strong sales growth at its Supermarkets division.

    The country's second-largest grocer reported net profit after tax attributable to shareholders of A$1.08 billion ($701.78 million) for the year ended June 29, compared with A$1.12 billion a year earlier.

That missed the Visible Alpha consensus estimate of A$1.11 billion.

($1 = 1.5389 Australian dollars)

 (Reporting by Sameer Manekar and Shivangi Lahiri in Bengaluru; Editing by Vijay Kishore)

 ((Shivangi.Lahiri@thomsonreuters.com;))