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BRIEF-Coles Group Sees First Half FY20 Group EBIT Between $710 Mln & $730 Mln

Published 06/02/2020, 12:28 pm
Updated 06/02/2020, 12:36 pm
© Reuters.  BRIEF-Coles Group Sees First Half FY20 Group EBIT Between $710 Mln & $730 Mln
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Feb 6 (Reuters) - Coles Group Ltd COL.AX :

* FIRST HALF FY20 GROUP EBIT EXPECTED TO BE BETWEEN $710 MILLION & $730 MILLION

* SUPERMARKETS DELIVER COMPARABLE SALES GROWTH OF 3.6% IN Q2

* LIQUOR EBIT IN H1 OF FY20 WAS DOWN ON PRIOR CORRESPONDING PERIOD AS A RESULT OF MARGIN PRESSURE

* CYCLING OF PRIOR YEAR INCREMENTAL COSTS NOT EXPECTED TO REOCCUR IN H2 FY20

* COMPARABLE SALES GROWTH IN LIQUOR & EXPRESS (C-STORE) WERE 2.1% & 5.1% FOR Q2

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