Laura Bessarati

And, you know, consumer staples was really weighed by supermarket giant woolies.

Now, that's a good segue into what's happened today because we.

had results from supermarket giant Coles today, its third quarter results.

This is a day after its rival Woolies was out with its results, and it's been a very different share price reaction.

So just a quick reminder, Woolies shares fell by nearly 8% yesterday after downgrading its earnings forecasts due to the impacts of the conflict in the Middle East.

Now, Woolies shares are down slightly again today, but Coles, however, is climbing by 3.5%.

Now, this is after reporting supermarket sales slightly ahead of market expectations.

It did, of course, say that customers are still looking for value more than anything with the cost of living pressures, particularly with the recent surge in fuel prices and higher interest rates.

But that doesn't seem to have impacted its own profitability at this stage.

That's been the good news.

Now, it's liquor division continuing to struggle, though, with like-for-like sales down 4.3% in the third quarter.

And it also did warn that many of its suppliers are requesting price hikes to counter surging fuel and commodity prices due to the Iran war.

But I guess the main difference is that it didn't issue a profit warning like we heard from Woolworths yesterday.

So I think that's really what prompted the difference in the share price reaction today.

today.

In other news, the biggest loser of the day has been ResMed, the sleep apnea device maker.

Now, this is after revealing softer than expected numbers for the third quarter, despite delivering an 11% jump in revenue on a constant currency basis.

Now, that's been driven by increased demand for its portfolio of sleep devices.

masks and also accessories, but still it wasn't enough for investors who were clearly expecting more.

So its share price down around three and a half percent today.