AUS: H1 sales up at retail giant Coles

By Dean Best | 31 January 2013

Coles, Australia's second-largest food retailer, has reported a near-5% increase in half-year sales.

The company booked a 4.7% rise in revenue for the six months to 30 December. Sales from its food and liquor division were up 5%. Comparable sales from its food and liquor stores increased to 3.8%.

Coles said sales from its convenience stores grew 4%, although revenue from fuel boosted the result. Excluding petrol sales, comparable sales from Coles convenience stores dropped 2.2%.

MD Ian McLeod said Coles had seen increased volumes across the group. "The response to our initiatives has been encouraging, with a record number of customers and almost A$1bn (US$1.04bn) of sales achieved in the week leading up to Christmas. In particular, our customers are increasingly recognising the quality of our fresh food offer," he said.

Click here for the full release

Sectors: Financials, Retail

Companies: Coles

There are currently no comments on this article

Be the first to comment on this article

Related research

Food Retail in Australia

Food Retail in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key fin...

Market Focus: Trends and Developments in the Bakery & Cereals Sector in Australia

This report provides a concise overview of the Bakery & Cereals market in Australia. After reading this report, you will understand the size of the market, the economic, demographic, and behavioural trends that will drive its evolution and the leadin...

Baked Goods in Australia

Everyday low prices have been the order of the day in 2011-2012 at the major supermarket retailers, Coles and Woolworths, ever since the introduction of A$1 per litre private label milk in late January 2011. Bread proved to be the next essential to h...

Related articles

AUS: Spring Gully Foods out of administration

Australian condiments firm Spring Gully Foods has left administration after creditors backed a rescue plan.

AUS: Coles fined for "misleading" country-of-origin claims

Coles, Australia's second-largest grocer, has paid fines totalling more than A$60,000 for alleged misleading country-of-origin claims.

AUS: Supplier profits below international rivals - study

The profitability of food and grocery suppliers operating in Australia is "significantly below" international competitors, a report has claimed.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page