Liquor sales growth has returned to 2.7 per cent (by takings) in 2H 23 but while we should be careful in comparisons with 'CIVID-19' times, it isn't great.
EBIT in liquor at 4.3pc is more than 50 per cent behind market leader EDV (Dan Murphy's and BWS) that achived an EBIT of 6.6 per cent in FY 23.
Supermarket and liquor sales "growth" is negative if one takes account of CPI.
That COL could only point to one new supermarket opening - in upmarket Toorak Village, Victoria and only a Coles Local (though quite large) - shows the business overall is quite stagnant.
Some wokism evident in "achievements". Better to have competency, business acumen and merit than some stupid slavish adherence to 'gender equality' that's obesessed upon by public servants in the unrepresentative Canberra bubble.
Reasonable dividend but overall not a thrilling, or completely disastrous, result.
Ann: FY23 Results Presentation, page-2
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