Hints of small headwind. A bit over reaction...?
From AFR:
“As the business begins to cycle the COVID-19 impacts in the second half of FY21, supermarkets sales and EBIT growth are expected to face challenges relative to the prior corresponding period,” Coles said.
Based on the current operating environment, Coles expects to incur COVID-19 costs of up to $10 million per month with the majority of costs to be related to store remuneration and cleaning and hygiene.
News: COL Australia's Coles first-half profit jumps nearly 15%, page-6
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