AUSTRALIA: Coles Myer forecasts 21% annual profit growth
Beleaguered Australian retail giant Coles Myer has forecast annual profit growth of around 21% at its annual meeting. CEO John Fletcher told the meeting that the group expects to post 2002/03 earnings in line with market expectations of between A$425m and A$435m (US$237m-243m). In October, Coles Myer reported a net profit of A$354m for 2001/02, up 6% from the previous year as its Myer Grace department stores struggled to make ends meet.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Is Mondelez's margin target hurting sales?
- Why Reckitt Benckiser moved for Mead Johnson
- Nestle plans restructuring as 2016 profit misses
- Aryzta CEO, CFO resign amid strategic review
- Danone eyes efficiency, agility with new structure
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins