22 October 2015
Coles has reported a 2.1% increase in sales to AU$9,232m for the first quarter of its 2016 financial year. In what was described as a 'pleasing' quarter by Wesfarmers MD, Richard Goyder, food and liquor sales growth offset a decline in convenience sales.
Food & Liquor sales up 4.7% to AU$7,286m
LFL sales grew 3.6% despite price deflation of 1.3%, the strongest level of quarterly...