Coles Group Ltd (ASX:COL)
A$ 16.2 0.13 (0.81%) Market Cap: 21.52 Bil Enterprise Value: 29.82 Bil PE Ratio: 20.77 PB Ratio: 6.10 GF Score: 62/100

Half Year 2020 Coles Group Ltd Earnings Call Transcript

Feb 17, 2020 / 11:00PM GMT
Release Date Price: A$16.91 (-0.41%)
Operator

Thank you for standing by, and welcome to the Coles Group Limited Half Year FY '20 Results Conference. (Operator Instructions)

I would now like to hand the conference over to Mr. Steven Cain, CEO. Please go ahead.

Steven Cain
Coles Group Limited - MD, CEO & Director

Thank you, and good morning, everyone. Welcome to the Coles 2020 Half Year Results Announcement. Joining me today on the call is Leah Weckert, our Chief Financial Officer, and you'll be hearing more from her later. We'll open up for Q&A after a short presentation, and now I'll kick off. What we're about to say complements the ASX trading update that we made on the 6th of February.

So these half year results, covering the first 6 months since we did our strategy refresh back in June, showed solid progress that we're making on our Winning in our Second Century strategy execution. Three things to call out financially. First is that sales grew 3.3% in the half to $18.8 billion, with growth pleasingly across all of the segments. EBIT increased by 0.4% to $725 million,

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