- Coles Group reported a net income of A$576 million for the first half of the fiscal year.
- Total sales revenue from continuing operations reached A$23.04 billion.
- Earnings before interest and tax (EBIT) amounted to A$1.08 billion.
- Supermarkets EBIT came in at A$1.08 billion, surpassing the estimate of A$1.02 billion.
- The company declared an interim dividend per share of A$0.370.
- Analyst ratings for Coles Group include 7 buys, 7 holds, and 3 sells.
A look at Coles Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead, Coles Group, the Australian supermarket and department store operator, shows a promising outlook based on its Smart Scores. With a strong momentum score of 4, the company is displaying positive trends that could propel its growth further. Additionally, Coles Group also scores well in the dividend and growth categories, with scores of 3, indicating a stable dividend policy and potential for expansion.
While the company scores lower in value and resilience categories with scores of 2, there are still opportunities for improvement in these areas. Overall, considering Coles Group’s position as a leading retailer in Australia and New Zealand, the combination of its positive momentum, dividend, and growth scores suggest a favorable long-term outlook for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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