AUS: Coles “solid” Q1 sees sales rise
By: just-food.com | 23 October 2009
- Coles F&L sales up 7.3%
- F&L LFL up 6.1%
- Convenience sales rise 6.5%
Coles today (23 October) revealed a "solid" first-quarter performance, with sales growth at both the Australian retailer's supermarkets and convenience outlets.
The retailer, which is owned by Australian conglomerate Wesfarmers, said total food and liquor sales rose 7.3% during the three months to 27 September. Comparable sales were up 6.1% at the unit, the company told investors at a briefing in Sydney.
The company said that solid volume growth at its food and liquor business was driven by improved customer traction and better fresh quality, with sales of fresh food items seeing double-digit gains.
Coles said that it was able to present a "strong value offer" in the first quarter, with food inflation running flat during the period.
Meanwhile, Coles revealed, convenience sales rose 6.5% during the period, while comparable fuel volumes increased 1.3%.
For the text of the investor briefing click here and click here for Coles MD Ian McLeod's assessment of the company's recovery.
Sectors: Fresh produce, Retail
Companies: Coles
View next/previous articles
23 Oct 2009 -
23 Oct 2009 -
Currently reading -
AUS: Coles “solid” Q1 sees sales rise
23 Oct 2009 -
23 Oct 2009 -
Related research
Australian Retail Grocery Market Case Study: challenging the dominance of Coles and Woolworths
This case study on the Australian grocery retail market forms part of Datamonitor's case studies series which explores business practices across a variety of disciplines and business sectors....
This report analyzes the Global market for Supermarkets in US$ Billion....
Private Labels in Retailing 2009
Verdict Research: This new report provides a useful insight into the latest private label developments of retailers across different sectors including food & grocery, electricals and DIY. With a number of case studies spanning across different countr...
Related articles
AUS: Bread, cereal makers target reduced salt
The amount of salt in Australian-manufactured breakfast cereals and breads is being reduced by leading food manufacturers to improve the diets and health of Australians as part of an industry, retailer and government partnership.
AUS: Coles expands online grocery shopping
Coles has expanded their online grocery shopping areas to include Hobart, Launceston, Devonport, Towoomba, Darwin and selected Top End locations.
AUS: Coles satisfaction improves, but Aldi stays on top
The latest Roy Morgan Supermarket Satisfaction Report reveals Aldi still on top in the customer satisfaction stakes, with 91.4% surveyed as satisfied, despite a slight downturn from last month.
There are currently no comments on this article
Be the first to comment on this article