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Coles Group Posts Qtrly Total Group Sales Revenue Of A$11,209 MLN

By Reuters News

Oct 30 (Reuters) - Coles Group Ltd COL.AX:

  • 2027 FIRST QUARTER SALES RESULTS

  • DURING QUARTER, SUPERMARKETS SALES GROWTH REMAINED IN LINE WITH PRIOR QUARTER

  • WE KNOW HOUSEHOLD BUDGETS ARE UNDER PRESSURE AND CUSTOMERS ARE SHOPPING MORE DELIBERATELY ACROSS RETAILERS AND CHANNELS

  • IN LIQUOR, SALES REVENUE DECLINE IN THE EARLY PART OF THE SECOND QUARTER WAS BROADLY IN LINE WITH Q1

  • QTRLY TOTAL GROUP SALES REVENUE A$11,209 MLN

  • EXPECT FIRST HALF SUPERMARKETS EBIT TO BE IN LINE WITH THE PRIOR CORRESPONDING PERIOD

  • INVESTING MORE IN LOWER PRICES AND VALUE FOR CUSTOMERS

  • COST-OF-LIVING PRESSURES, ELEVATED COMPETITOR PROMOTIONAL ACTIVITY CONTINUED TO INFLUENCE CUSTOMER BEHAVIOUR IN FIRST FOUR WEEKS OF Q2

  • EXPECTING TO INCUR ADDITIONAL FUEL-RELATED COSTS IN 1H VS PCP

  • LAUNCHED OUR LARGEST-EVER EXCLUSIVE TO COLES CHRISTMAS RANGE, OFFERING GREAT OPTIONS TO CATER FOR ALL HOUSEHOLD BUDGETS

  • SUPERMARKETS SALES HAVE REMAINED RESILIENT, ALTHOUGH GROWTH HAS MODERATED COMPARED TO Q1


Further company coverage: COL.AX

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