2339 GMT - Coles' bull Citi remains optimistic on the Aussie supermarket operator, though analyst Adrian Lemme tells clients in a note that it is tempting to switch to chief rival Woolworths on a mean reversion argument. Lemme writes that Coles should continue to outperform Woolworths in same-store sales for at least the next few quarters, and that there is a good case for Coles to pursue up to A$1.6 billion in capital management in FY 2026. Woolworths will eventually turn things around, but it's going to take time, Lemme writes, noting that Woolworths' recent price cut announcement is unlikely to materially move the needle. (mike.cherney@wsj.com; @Mike_Cherney)
(END) Dow Jones Newswires
June 01, 2025 19:39 ET (23:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。