Billions wiped off Coles as it loses ground to Woolworths
Billions wiped off Coles' market value as it lost ground to Woolworths due to stronger competition and cost of living pressures. The supermarket giant's shares plunged 10% following its quarterly results, highlighting ongoing competition and customer behavior. Citi analyst Adrian Lemme predicted a price investment in supermarket sales, pointing to a potential loss of momentum.
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Published 30 Oct 2026, 00:47 UTC · Updated 30 Oct 2026, 00:50 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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