More than likely from the natural disasters. Flooding in NT,...

More than likely from the natural disasters. Flooding in NT, supply chain cut to those stores... trading on scraps and about 3 days worth of fresh food likely to expire. Woolworths is in the same boat. Roads cut to Kununurra in WA as well.. similar situation. NQLD stores are trading below normal due to previous cyclone and less tourists, and about to get a repeat of store closures and road cuts.

Similarly all these issues also impact fresh produce suppliers and meat growers, which will cause supply issues and price increases. Combine that with the idiot Labour party war on Australia's largest Australian owned company, that employs more Australians than any other company.
Its clear in their accusations of price gouging (especially for produce and meat) that they have no idea on how supply chains work.

Also combine that with an increased cost for all international goods (which a decent amount of our grocery items are, or rely on), which the Albanese government also refusing to send any frigates or assistance to secure the 2nd busiest shipping route in the world.

Inflation is hurting consumers so that they're buying the essentials which supermarkets make very little money on. A large chunk of profit comes from those premium pleasure foods, liquor, etc. Coles also has the added costs of capex expenditure such as their ADC and Customer Fulfilment Centers.

Could go on and on as to the struggles with the retail consumer goods market right now. I expect the company to sit at ~$15 for another 6 months or so.