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COL, COLES GROUP LIMITED.
nipper
post Posted: Apr 28 2021, 05:59 PM
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April sales at Coles rose a higher than expected 4 per cent and CEO Steve Cain said trading was trending to more normal patterns, with customers returning to CBD stores and shopping centres, rather than favouring neighbourhood stores, as they did in 2020, as pre COVID19 shopping habits returned and food retailers battled for market share.

Coles dropped prices (excluding tobacco and fresh foods) on an average falling 0.8 per cent ... the first quarterly deflation since 2018 ... compared with inflation of 1.8 per cent a year ago.
Online food sales jumped 49 per cent, with sales penetration increasing to 5.5 per cent in the third quarter, up from 5.3 per cent in the December quarter. Online liquor sales soared 72 per cent.

Coles' total March quarter sales fell 5.4 per cent to $8.7 billion, with weaker supermarket sales offsetting 2.6 per cent growth in liquor and 7.4 per cent growth in convenience stores.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Apr 10 2021, 03:05 PM
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Matthew Kidman (LiveWire Markets): And we all saw the vision last year, everyone lining up at the supermarkets. Who would have thought Coles, one of our big supermarkets, flat on the year? Who would have thought when the guys from Status Quo were singing prices down, down, they were going to be talking about the share price? Coles: buy, hold or sell?

Stuart Welch (Alphinity):] I think that one's a sell. They've been seeding (ceding?) a bit of market share to Woolworths, and they're certainly behind in the online strategy, which is going to require a pretty significant investment at a time when sales volumes are probably going to roll over. So I think it's a sell.

Matthew Kidman (LiveWire Markets): It's been a bad performer, Emma. Is it time to turn the red hand up or down? Buy, hold or sell?

Emma Fisher (Airlie): I think it's a buy. I think turn the red hand up. I think it's pretty well understood that they're going to have some challenging comps. The whole space will this year. And meanwhile, they've generated a tonne of cash. They've gone from net debt to net cash position. And so I think they've got a real opportunity to invest in the business and close that perennial margin gap with Woolworths and with it, the valuation gap. So I'd say buy.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 17 2021, 11:18 AM
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In the Half Yearly, Coles said that while supermarkets comparable sales growth has continued to moderate and in the first six weeks of the third quarter was 3.3% there continues to be significant variation in sales performance between states, store locations and from week-to-week as a result of customer shopping trends as well as any short-term outbreaks that have occurred around the country. On top of this Coles expects to be spending around $10 million a month on extra pay for staff and cleaning and hygiene.

Coles also said that while liquor sales remain strong (up 12.5% in the early weeks of the current quarter, it will also be cycling the elevated sales due to COVID-19 which will present challenges given the fixed cost nature of the Liquor business. Investments in service and capability as part of Liquors refreshed strategy will continue in the second half.

Coles lifted interim dividend to 33 cents a share for the six months to the end of December, up 10% on a year go.

That was after total revenue rose 8.1 per cent to $20.4 billion, for the half and comparable sales at Coles key supermarkets division jumped 7.2% (double the 3.3% rate in the first six weeks of 2021). Net profit after tax rose 14.5% to $560 million.





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Sep 5 2020, 11:50 AM
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From their weekly update.
QUOTE
Home shopping is becoming increasingly significant with sales up more than 100% in Victoria, as is scratch cooking, inspired by the Coles sponsored Masterchef and Plate of Origin. Veggie sales, ice cream and home cooking ingredients like flour are up 20%, and coffee capsules and cleaning products are up 30%, as we all focus more on hygiene.

On the fall are beauty products as we spend more time at home, and facial tissues as there is less cold and flu about. If we are seeing more home cooks, with pubs still restricted, we are also seeing the rise of the home happy hour with Gin sales up 80%, and Rose wine and craft beer up 30%. No alcohol drinks are also proving a very popular alternative ... up 170%!




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 18 2020, 11:12 AM
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In an update for the fourth quarter, Coles said COVID 19 factors continued to have an impact on both the level and mix of supermarket sales as customers made fewer trips to supermarkets, while basket size increased significantly.

QUOTE
Following a subdued and socially distanced Easter, sales improved as a result of increased in-home consumption. Home cooking categories such as meat and poultry benefited, partially offset by declines in impulse, food to go and prepared salads.

However, the mix of sales evolved following the initial period of panic buying and pantry filling, with April and May seeing a degree of destocking in canned and ambient pantry lines. As social distancing eased towards the end of the period, customer demand again evolved with signs of increased demand for home entertaining resulting in uplifts in categories such as gourmet cheese and flowers.


COVID 19 also had an impact on Coles Online and demand for home delivery, the company said.

QUOTE
Online demand and sales grew strongly in May and June with growth rates above 30 per cent supported by substantial increases in capacity both for store pick and delivery vehicles and the rollout out of contactless Click & Collect to more than 400 stores.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 8 2020, 10:35 AM
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This is what the new realities look like
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Working together

Two weeks ago the Coles chilled distribution centre in the outer Melbourne suburb of Laverton was hit with a potential crisis when one of its 600 staff tested positive for COVID-19. The centre, which distributes chilled and fresh food through Victoria and as far north as Deniliquin in NSW, was hit with massive staff shortfalls as staff called in sick and the normal workforce of 600 fell down to around 50.

The centre is now back to normal and on Monday night Coles was able to end all restrictions on product sales as business headed back to normal. At its worst the centre was five days behind and its stores faced massive shortages, with fears supplies would be as low as 10 per cent on the shelves by last Friday.

But the recovery effort highlights how business and government worked together to keep operations moving.

In this case, daily meetings including National COVID Coordination Commission (NCCC) member Paul Little, the head of Victoria's Jobs Department Simon Phemister and Coles supply chain operations boss Tony O'Toole were held to ensure supplies kept up.

One of Little's tasks was to talk with the folk at Linfox and Toll, who are existing logistics suppliers, to ensure staff could be diverted to Laverton to help the process.

Unions and health officials were on the job, and the process was a team effort which included where possible bypassing the distribution centre altogether, with suppliers like Lion and milk processor Saputo supplying the stores directly.

The DCs are lot more complicated than the old days, with sophisticated bar code readers and high lift reach trucks (three-storey forklifts) needed to work their way around.

The NCCC's task started with troubleshooting jobs like this one, with the business representatives able to leverage their knowledge and contacts to ensure work is done.
The Australian



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


nipper
post Posted: Jul 8 2020, 10:29 AM
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apart from the fact it has been bid up to $17.50
QUOTE
with current situation .... TLS might have been a relatively safe bet.
We could expect COL to come out with solid numbers, come August. And even be treated to a dividend surprise.


Second wave of Covid is seeing more shelf emptying



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Sep 12 2019, 12:26 PM
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COL now pushing through $15.
(and with WES at $39, and gone ex-dividend, that's quite impressive $45 in the old pre-spinoff money)

(don't mention Kaufland/ Costco/ Aldi/ Amazon)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 22 2019, 10:16 AM
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QUOTE
Performance summary (retail calendar basis)
â–ª Full year Group sales revenue (excluding Fuel sales and Hotels) increased by 3.1% to $35.0 billion
â–ª Delivered 47th consecutive quarter of Supermarkets comparable sales growth
â–ª Supermarkets EBIT growth of 2.2%; Group EBIT down 8.1% due to lower Express fuel volumes and corporate costs associated with being a standalone ASX company
â–ª 30% online sales growth generating $1.1 billion in sales revenue, and first operating profit in FY19
â–ª Strong cash realisation of 110% and robust balance sheet with net debt position improving to $0.5 billion, providing significant flexibility for long term growth
â–ª The Coles Board has determined a total fully-franked dividend of 35.5 cents per share, comprising a final dividend and a special dividend which covers the period from 28 November 2018 (being the effective date of the demerger from Wesfarmers) to 30 June 2019.

Strategic highlights
â–ª ASX listed following a successful demerger from Wesfarmers
▪ Strategic refresh to “sustainably feed all Australians to help them lead healthier, happier lives”
▪ Entered into an exclusive partnership with Ocado to bring the world’s leading online grocery website, two automated single pick fulfilment facilities and home delivery solution to Australia
â–ª Entered into a partnership with Witron to develop two world class automated distribution centres
â–ª Strategic partnerships announced with Optus and SAP (HR, Procurement and Finance) to accelerate technology-led transformation of stores, support centres and supply chain
â–ª Commenced the New Alliance Agreement with Viva Energy to restore fuel growth
▪ Entered into an incorporated Joint Venture with Australian Venue Co in relation to Coles’ hotel and retail liquor business in Queensland to focus on liquor retailing
â–ª Own Brand penetration reaching 30% at year end with over 1,200 new products launched in FY19
â–ª Commenced roll-out of new store formats with Eastgardens in NSW and Clayton, Ardeer and Surrey Hills in Victoria
â–ª Progress started on Smarter Selling initiatives with Store Support Centre simplification, transport hubs in Victoria and Western Australia, and wearable technology improving efficiency in store
â–ª Improvements in team member safety and engagement scores
â–ª $115 million to communities and suppliers through SecondBite, Redkite, Community Bags, FightMND, drought relief and Coles Nurture Fund




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jun 22 2019, 05:56 PM
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QUOTE
"Time-poor customers increasingly demand solutions to feed their families easily without compromising on quality, value or nutrition."
Steven Cain, CEO, Coles Group Ltd

“There has been no notable lift in consumer sentiment after the May federal election, though the onset of colder weather has been the welcome boost for sales.”
Rob Scott, MD, Wesfarmers

“I do see the next five years in the grocery sector as the most competitive that we will ever see. The combination of existing players getting better, new players coming to town and consumers fragmenting means there is quite a challenge out there to maintain market share and grow profitability.”
Steven Cain, CEO, Coles




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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