Coles Group Ltd (FRA:2OF)
€ 10.8 0.3 (2.86%) Market Cap: 14.73 Bil Enterprise Value: 20.54 Bil PE Ratio: 21.06 PB Ratio: 6.50 GF Score: 74/100

Q3 2021 Coles Group Ltd Corporate Sales Call Transcript

Apr 28, 2021 / 12:00AM GMT
Release Date Price: €10 (+1.01%)
Steven Cain
Coles Group Limited - MD, CEO & Director

Thank you, Rachel, and good morning, and welcome, everyone, to our Q3 sales results from a sunny and locked Melbourne, I'm glad to say. I'm joined here by Leah Weckert, our CFO. Just a quick reminder that we'll be giving a strategic update in June and our FY '21 results in August and that the focus today is very much on sales.

Given we are cycling COVID, we've incorporated 2-year numbers into our release, I think, for the first time, and have been specific about supermarkets current trading to help paint a picture of how we think local shopping is beginning to unwind. Australia was one of the first countries to be impacted by COVID and is one of the first cabs off the rank in terms of what cycling COVID domestically looks like.

I think when I reflect on Q3, there are a number of things to point out. The first is successful continued execution of our strategy. The second is we continue, obviously, to be in snap lockdowns from time to time. And I think we've had 3 now. But the good news is, is they've tended to be 3 to 5 days long

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