I think he means that as a result of rising inflation, Coles is able to easily pass on the increase in price/cost of a product or service to their customers.
Coles is a defensive stock so an example would be if the wholesale cost of a litre of milk increases by $1 more than last year due to inflation, this cost can be added onto the product and paid by the consumer. As there is significant demand for the products that Coles offer, this ensures Coles will not be that negatively impacted by a rising inflation.
I think he means that as a result of rising inflation, Coles is...
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Last
$17.03 |
Change
-0.170(0.99%) |
Mkt cap ! $22.81B | |||
| Open | High | Low | Value | Volume |
| $17.25 | $17.34 | $17.03 | $42.34M | 2.475M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26665 | $17.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.07 | 2201 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| COL (ASX) Chart |