0327 GMT - Coles's bulls at UBS think that the Australian supermarket operator's sales growth probably slowed modestly over its fiscal 3Q. The investment bank's analysts forecast 3.5% total supermarket sales growth over the quarter, reasoning that the 3.7% growth seen in the first seven weeks of the period slowed to 3.3% over the remainder. They tell clients in a note that the big question they want answered is how the Australian company is treating requests from suppliers to pass on higher costs. They wonder if Coles's margins are being compressed or whether suppliers are having to bear additional costs. UBS has a last-published buy rating and A$25.00 target price on the stock, which is up 0.4% at A$22.93. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 23, 2026 23:27 ET (03:27 GMT)

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