What drove the COL.AX stock drop pre-market on 28 Feb 2026?

The decline followed H1 FY2026 statutory net profit falling to **A$511.00 million** despite revenue growth. Liquor revenue weakness and near-term profit headlines drove selling pressure on COL.AX stock.

What is Meyka AI's forecast for COL.AX stock?

Meyka AI's forecast model projects **A$26.18** for COL.AX stock over one year. That implies about **27.34%** upside versus the current **A$20.56**, with the usual model caveat that forecasts are not guarantees.

Is COL.AX stock a dividend play?

Coles declared an interim dividend of **A$0.41** and pays **A$0.69** per share annually. The trailing yield is about **3.11%**, which can appeal to income investors while watching payout sustainability.

How does COL.AX valuation compare to its sector?

COL.AX trades at a PE of **27.40**, slightly above the Consumer Defensive sector average PE of **24.84**. Investors should weigh the premium against Coles' stronger ROE and cash flow metrics.

AU Stocks

H1 profit falls at Coles Group (COL.AX ASX) pre-market 28 Feb 2026: watch supermarket momentum

ByHuzaifa Zahoor February 27, 2026February 27, 2026

COL.AX stock opened pre-market on 28 Feb 2026 after Coles Group Limited reported weaker headline profit despite rising sales. Shares trade at A$20.56, down 5.77% on heavy volume of 14,326,078. H1 adjusted EBIT rose to A$1.23 billion while statutory net profit fell 11.30% to A$511.00 million. This earnings update shifts the debate to supermarket growth, liquor weakness and near-term valuation for investors on the ASX in Australia.