22:40 GMT -- Australia's largest supermarket chains are unlikely to experience a material earnings impact from recommendations by the country's competition regulator, Citi analyst Adrian Lemme says. He sees negative near-term sentiment toward Coles and Woolworths due to media coverage of issues raised by the Australian Competition and Consumer Commission, but tells clients in a note that the regulator's report was largely benign. Importantly for the industry, there is no recommendation for the regulation of grocery pricing or the ways in which retailers can conduct promotions, he points out. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 23, 2025 18:40 ET (22:40 GMT)
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