Coles Group posts modest Q1 revenue growth

Coles’ Q1 FY23 reached AUD9.9 bn (US$6.4 bn) up 1.3%, but a slow down from the previous quarter’s 3.3% jump. Food inflation leading to change in shopping habits Supermarket sales rose 1.6% to AUD8.8 bn (US$5.6 bn) with like-for-like sales growing by 2.1%. Coles said first quarter food…