Coles Q3 2020: sales up by 12.9% YoY

Date : 29 April 2020

Jiong-Jiong Yu

Senior Retail Analyst

Coles has released its Q3 results (12 weeks from 6 January to 29 March 2020), with revenue increased by 12.9% YoY to AU$9.2 bn (US$6.0 bn). The growth was mainly driven by unprecedented demand for groceries amid the COVID-19 outbreak. Supermarkets sales up by 13.8% to AU$8.2bn (US$5.3bn)…

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