How are Coles Group (ASX:COL) shares faring today on ASX?

Image Source: © Lucidwaters | Megapixl.com

Highlights

  • Shares of Coles Group were trading 0.14% down at AU$17.89 each at 12.14 PM AEST today (July 5).
  • S&P/ASX 200 Consumer Staples (ASX:XSJ) was 0.06% lower at 13,006.30 points at the same time.

Australian stock market opened on a flat note today (5 July 2022) but the ASX 200 Index was up 0.34% at 6,634.80 points at 12.14 PM AEST.

Shares of Coles Group Limited (ASX:COL), one of the largest consumer staples companies in Australia, were trading 0.14% down at AU$17.89 each on ASX at 12.14 PM AEST.

This outperforms S&P/ASX 200 Consumer Staples (ASX:XSJ) which was 0.06% lower at 13,006.30 points, however, S&P/ASX 200 Consumer Discretionary (ASX:XDJ) was 0.16% up at 2,745.50 points at the same time.

The decline registered by ASX 200 in June 2022 spread to most of the sectors of the benchmark index, with only the consumer staples sector posting gains for the month. Shares of companies that primarily offer food, beverages, household goods, and alcohol are included in the consumer staples sector. Coles Group Ltd and Woolworths Group Ltd (ASX: WOW) are two of the biggest companies in this sector.

Source: © Darianipot | Megapixl.com

What does Coles Group do?

Coles Group operates through different segments, including supermarkets. Coles distributes groceries and fresh food through 834 stores as well as coles.com.au, which offers a selection of home delivery options.

Families in Australia can get credit cards, personal loans, and insurance through Coles Financial Services. The company also offers online liquor delivery services in addition to selling alcohol at its 929 stores under the brand names First Choice Liquor, Liquorland, First Choice, and Vintage Cellars.

Additionally, it runs the flybuys loyalty programme and 717 gas stations and convenience stores.

A look at Coles' 3QFY22 results

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Data Source- Company announcement dated 28 April 2022

Stock performance

Shares of Coles have grown around 1.36% in the last month. However, the shares were trading at almost the same price (AU$17.95 each) compared to a YTD price.


 


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