Coles delivers 3.4pc sales growth in third | Australian Markets
Coles has delivered a 3.4 per cent carry in third-quarter income, pushed by the robust efficiency of its supermarkets division.
The grocery giant on Wednesday stated group income hit $10.4 billion in the 12 weeks to the top of March, up from $10b recorded a yr in the past.
Sales at its 858 supermarkets grew to $9.4b, up from $9.06b. Excluding tobacco, sales income elevated by 4.7 per cent.
At its struggling liquor arm, sales grew 3.4 per cent to $813m.
“We are pleased to have delivered another solid quarter of sales growth, particularly as we were cycling a very strong third quarter in FY24,” chief govt Leah Weckert stated.
“At the same time we faced a number of major weather events, including cyclone Alfred and severe flooding in Far North Queensland.”
Coles stated supermarkets sales growth continued into the fourth quarter.
More to return.
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