Down down might have been their slogan, but Coles’ profit isn’t heading in that direction… It’s reported $1.1 billion in earnings for the 2023-24 financial year – up 2.1% on last year. Boss Leah Weckert reckons we’re “choosing to eat out less and eating at home more” thanks to cozzie livs. But Greens Senator Nick McKim – who chaired the Senate Committee into supermarket pricing – called it a “sick joke”, accusing Coles of price-gouging as food costs continue to drive inflation. The claims have been rejected by some analysts who say prices at the checkout have been falling. The spotlight will stay on big businesses today with Greens leader Adam Bandt announcing a proposal for “Robin Hood” style tax reforms. And Woolworths’ results are due, as boss Brad Banducci gets ready to hand in his name tag.