Australian grocery retailer Coles Myer has reported a 21% increase in first-quarter sales, boosted by expansion in its fuel and convenience store division.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
