Two supermarket heavyweights, Coles Group Ltd [ASX:COL] and Woolworths Group Ltd [ASX:WOW] have avoided massive sell-offs in this downturn. Today we look at the Coles share price in comparison with the Woolworths share price, to see which could be sturdier as the months in self-isolation progress.
t time of writing, Coles shares are down 1.8% for the day. Wiping out the small gain the supermarket chain had earned earlier this week.
Eyes will be on Coles Group Ltd [ASX:COL] today after they released their first FY20 quarterly update. In the prior corresponding period, sales grew by 5.1% with thanks to the Little Shop promotion and single-use plastic bags. Reviving…
The share price of Coles Group Ltd [ASX:COL] has been on a solid run since hitting a 52-week low of $11.12 on 21 February. Before market open today, the grocery giant was only 29 cents shy of its 52-week high, sitting at...
Let’s take a look at the most important parts of the latest announcement and the company’s prospects going forward.
While some outlets are leading with the headline that poor European PMI data drove the sell-off, I believe the bigger story behind the sell-off is the bond yield curve.
Wesfarmers share price has experienced a negative slide in their share price today, hitting a low of 6.70%, or $32.86 a share. The current share price is $32.62.
Overall it has been a decent 12-month period for the stock, with a 15.7% return for the year in the wake of the Coles Group Ltd [ASX:COL] demerger. The latest news out of the company is its half-year results release and the announcement of a special dividend.
Australia’s second largest food and liquor retailer faces some big challenges, warning investors that it would be at least a year before Coles returns to profit. At the time of writing, Coles share price is trading at $11.49 apiece, down a further 5.05% from yesterday’s trading.
The latest news out of the company is its half-year results release, which points to an ongoing need to restructure its business.