2329 GMT - Coles is making efforts to hold on to some of the customers it gained amid the labor dispute that disrupted operations at rival Australian supermarket giant Woolworths, Jefferies analyst say in a note. Coles's first-half Ebit got a A$20 million tailwind from the strike at Woolworths' distribution centers, they add. The analysts think that the recent strike, which led to empty shelves at some Woolworths stores and at the associated Endeavour drinks business, also improved Coles's standing in the eyes of consumers relative to its larger rival. Traffic to affected Woolworths stores remains below par, the analysts say. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 18:29 ET (23:29 GMT)
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