2343 GMT - E&P retail analyst Phillip Kimber says Aussie grocer Coles posted a better-than-expected 1H result, with earnings 5% and profit 8% above consensus. He expects consensus estimates to rise 5% for the full FY 2025 and to continue to support the share price, which had already risen some 5% leading into the result. Coles shares are up in early trade following the 1H result, with a roughly 4% gain to A$20.51. (mike.cherney@wsj.com; @Mike_Cherney)
(END) Dow Jones Newswires
February 26, 2025 18:43 ET (23:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.