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

Full Year 2021 Coles Group Ltd Earnings Call Transcript

Aug 18, 2021 / 12:00AM GMT
Release Date Price: A$18.34 (+0.05%)
Operator

Thank you for standing by, and [welcome to the Coles Group Limited] FY '21 Results Conference Call. (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. Steven here. Welcome to our 2021 full year results announcement. Joining me on the call today is Leah Weckert, our CFO.

Once again, we are presenting our results from a locked down Melbourne. It's hard to believe that it was only 2 months ago that we had our Virtual Strategy Day here. Much has changed since then, most notably, the amounts of the Delta COVID-19 strain; the relief of the vaccination program which will see the majority of Australians vaccinated by Christmas; and the road map to normality, including migration. The good news is there is finally a light at the end of a 2-year tunnel, and I, along with many others at Coles, are looking forward to 2022.

During FY '21, we've experienced 11 COVID lockdowns, and again, I

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