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Coles Group Limited (CLEGF) Q2 2026 Earnings Call Transcript

Seeking Alpha
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Coles Group reported its Q2 2026 earnings on February 26, with CEO Leah Weckert highlighting strong half-year results despite economic pressures, emphasizing resilience in supermarket and liquor divisions. CFO Sharbel Elias outlined a 3.2% revenue growth driven by volume increases and strategic pricing, though inflation and supply chain costs squeezed margins, prompting efficiency initiatives across operations. The company accelerated its sustainability agenda, per Chief Commercial Officer Anna Croft, with a 20% reduction in Scope 1 and 2 emissions year-over-year, aligning with 2030 net-zero targets. Supply chain upgrades, led by COO Matthew Swindells, included AI-driven inventory optimization and automated distribution centers, cutting delivery times by 15% while reducing waste. Analysts questioned customer retention strategies amid rising competition, with Chief Customer Experience Officer Michael Courtney citing personalized loyalty programs and digital engagement as key drivers of repeat sales.
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SA Transcripts158.68K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Coles Group Limited (CLEGF) Q2 2026 Earnings Call February 26, 2026 6:00 PM EST Company Participants Leah Weckert - CEO, MD & DirectorSharbel Elias - Chief Financial OfficerAnna Croft - Chief Commercial & Sustainability OfficerMatthew Swindells - Chief Operations & Supply Chain OfficerMichael Courtney - Chief Customer Experience OfficerClaire Lauber - Chief Executive of Liquor Conference Call Participants Ben Gilbert - Jarden Limited, Research DivisionDavid Errington - BofA Securities, Research DivisionShaun Cousins - UBS Investment Bank, Research DivisionAdrian Lemme - Citigroup Inc., Research DivisionThomas Kierath - Barrenjoey Markets Pty Limited, Research DivisionMichael Simotas - Jefferies LLC, Research DivisionCraig Woolford - MST Financial Services Pty Limited, Research DivisionCaleb Wheatley - Macquarie ResearchBryan Raymond - JPMorgan Chase & Co, Research DivisionRichard Barwick - CLSA Limited, Research DivisionPeter Marks - Goldman Sachs Group, Inc., Research DivisionPhillip Kimber - E&P, Research Division Presentation Operator Thank you for standing by, and welcome to the Coles Group 1H '26 Results Conference Call. [Operator Instructions] I would now like to hand the conference over to Leah Weckert, Managing Director and Chief Executive Officer. Please go ahead. Leah WeckertCEO, MD & Director Good morning, and thank you for joining us for our half year results call this morning. Before I begin, I would like to acknowledge the traditional custodians of this land on which we meet today, the Wurundjeri people of the Kulin Nation. We acknowledge their strength and resilience and pay our respects to their elders, past and present. I'm joined in the room today by Charlie Elias, our CFO; Matt Swindells, our Chief Operations and Supply Chain Officer; Anna Croft, our Chief Commercial and Sustainability Officer; Michael Courtney, our Chief Customer Experience Officer; and Claire Lauber, our Chief Executive of Liquor. Moving now to Slide 3. I'm pleased that we've been able to deliver

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Source: Seeking Alpha

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