Home / Business and Economy / Coles Group Profit Surges Past Expectations
Coles Group Profit Surges Past Expectations
25 Aug
Summary
- Coles reported A$1.26 billion in underlying net profit, exceeding estimates.
- Final dividend increased to 37 cents per share, up from 32 cents.
- Supermarket revenue grew 3.7%, though slightly missed market forecasts.
Australia's Coles Group reported a better-than-expected annual profit for the year ended June 28, 2026, reaching A$1.26 billion. This figure surpassed the A$1.24 billion consensus estimate.
The company's performance was bolstered by stable financing cost savings and significant margin expansion within its supermarkets division. The final dividend was increased to 37 Australian cents per share, a noticeable rise from the 32 cents declared the previous year.
Supermarkets revenue for the period climbed 3.7% year-on-year, amounting to A$41.47 billion. However, this figure fell slightly short of the A$41.52 billion anticipated by the market. Sales growth in the initial eight weeks of fiscal year 2027 has been consistent with the fourth quarter of fiscal year 2026.
