Coles' Q3 revenue rose 3.4% to A$10.03bn, driven by supermarket growth and private label sales increase.
Coles, Australia's second-largest supermarket operator, posted a 3.4% rise in third-quarter revenue to A$10.03 billion ($6.58 billion). The company's supermarket sales increased by 5.1% to A$9.07 billion, driven by strong volume growth and moderating inflation. Coles' private label brand sales also saw an 8.8% uptick. Meanwhile, liquor sales declined by 1.9% due to cost-of-living pressures.
April 30, 2024
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