did you manage to read coles group 3rd qrt sales report out?A...

did you manage to read coles group 3rd qrt sales report out?
A (6.5)% change as per pcp in 13 weeks and a (6.6)% change as per pcp YTD.

Food and liqour in both wow and cgj increased in both YTD and 3rd Qrt however, wow with a greater margin of % than that of coles.
Coles Express, which I am guessing is a like for like the petrol division had a shocking performance to that of wow. A negative 6.2% change compared to wow's 9.2% increase.

What strikes me though, with all the turmoil in takeover targets and sh*t management that coles has had over
the last year plus... the figures dont seem to be that *bad* for the potential acquirer.
Take food and Liquor for eg, given the 14 less stores across the country to that of wow (742 v 756) you could see why wes would want it. KKR, like their frustration in Cleanaway for a longer turnaround period than first thought would find exactly the same problem with coles. If you read the Australian today, Australia's fav retailer Wodge, said this would be a 5 year turnaround. What I like best is that in 5 years from now, wow he said would be further advanced.
In any case, as pointed out in this thread, cgj on current price and price willing to be paid for the business by private equity is higher than price of wow which is already miles in front in technology, logstics and mgt.
I just thought that the sales by cgj are not as bad given the current pile of crap mgt has put the company through.