Coles reports 6.9% sales growth for FY20

Date : 18 August 2020

Nick Miles

Head of Insight (Global)

Coles has reported FY20 results with sales up 6.9% to AU$37,408m and EBIT up 4.7% to AU$1,387m. Supermarkets sales up 6.8% to AU$32,993m Strong supermarket sales and EBIT growth of 10.7% were a result of Coles’ refreshed strategy and an increase in demand created by COVID-19. LFL sales growth…
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