Coles gets quarterly sales boost from coronavirus-led stockpiling [Reuters]
WESFARMERS LTD UNSP/ADR (WFAFY)
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Source: Reuters
Coles gets quarterly sales boost from coronavirus-led stockpiling (Reuters) - Coles Group Ltd ( COL.AX ) said on Wednesday supermarket sales rose 13.8% in the third quarter, boosted by a buying frenzy driven by the coronavirus pandemic and the subsequent lockdown. The country’s second-biggest grocery chain said sales at its supermarket division grew to A$8.23 billion in the quarter ended March 29, from A$7.23 billion a year earlier. Same-store sales growth at the division jumped to 13.1% from 2.4% last year.
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