Yahoo Finance Coles Group First Half 2023 Earnings: EPS Beats Expectations, Revenues Lag
Coles Group (ASX:COL) First Half 2023 Results
Key Financial Results
Revenue: AU$20.9b (flat on 1H 2022).
Net income: AU$616.0m (up 12% from 1H 2022).
Profit margin: 3.0% (up from 2.6% in 1H 2022).
EPS: AU$0.48 (up from AU$0.41 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Coles Group EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 7.0%.
Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Retailing industry in Australia.
Performance of the Australian Consumer Retailing industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Coles Group.
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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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