Australian grocery retailer Coles Myer has reported a 21% increase in first-quarter sales, boosted by expansion in its fuel and convenience store division.
Coles said sales were A$8.5bn (US$6.4bn) for the 13 weeks to 24 October, compared to $7.1bn in the year-ago period, reported Reuters. Same-store sales rose 5.4%.
Sales of food and liquor rose 6.6% to $4.6bn, while sales from stores open at least a year rose 4.5%.
The company’s fuel and convenience store division posted sales of $1.3bn, compared to $314m a year earlier, while same-store sales rose 20%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData