? Cole’s NPAT was $1.09 billion on nearly $45 billion in sales for the 2026 EOFY. and that was AFTER they got slugged with having to pay back $235 million in wages and fines for wage theft. Take that out and the net profit actually lifted by around 13.7%. This is also reflected in the fact dividends increased by 13% to shareholders.
Woolies gets even more a weasel as they claim 2-3%…on a global market they’re trying to expand into. Isolate Australia and its a very fucking different story
edit: Also very much worth noting these “Supermarkets” do not exist in vacuums. Coles group owns Coles Supermarkets / local / online - all listed as seperate entities of course - Reddy Express, Liquorland, First Choice Liquor Market, Coles Financial Services, Coles Mobile and Flybuys
Woolies? Woolworths/Metro/Woolworths at Work - again, all separate tax entities - FreshChoice & SuperValue, Milkrun, BigW, Petstock, Healthylife, PFD Food Services <-- THIS IS A BIG ONE AS THEY ARE WHOLESALE FOOD SUPPLIERS. HMMMMMMM and Everyday Rewards
? Cole’s NPAT was $1.09 billion on nearly $45 billion in sales for the 2026 EOFY. and that was AFTER they got slugged with having to pay back $235 million in wages and fines for wage theft. Take that out and the net profit actually lifted by around 13.7%. This is also reflected in the fact dividends increased by 13% to shareholders.
Woolies gets even more a weasel as they claim 2-3%…on a global market they’re trying to expand into. Isolate Australia and its a very fucking different story
edit: Also very much worth noting these “Supermarkets” do not exist in vacuums. Coles group owns Coles Supermarkets / local / online - all listed as seperate entities of course - Reddy Express, Liquorland, First Choice Liquor Market, Coles Financial Services, Coles Mobile and Flybuys
Woolies? Woolworths/Metro/Woolworths at Work - again, all separate tax entities - FreshChoice & SuperValue, Milkrun, BigW, Petstock, Healthylife, PFD Food Services <-- THIS IS A BIG ONE AS THEY ARE WHOLESALE FOOD SUPPLIERS. HMMMMMMM and Everyday Rewards
You always come in with solid points. I like that.