Coles’ sales, profit stable during Covid-impacted first-half
Inside Retail
FEBRUARY 21, 2022
Coles Group has reported a slight increase in revenue of 1 per cent to $20.6 billion despite sales disruptions in supermarkets and liquor segments through its first half due to the impact of Covid-19. Profit slipped 2 per cent to $549 million. On a two-year comparable basis – which compares the latest half with the corresponding period pre-Covid, sales in supermarkets grew by 8.6 per cent, in liquor by 18.2 per cent and through the Express business by 1.1 per cent.
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