Supermarket Wars: Customers Have Voted with Their Wallets, and Woolies Lost

Supermarket wars: Customers have voted with their wallets, and Woolies lost

With the grocery giants’ earnings out, we have a clear winner: Coles has wiped the aisle floors with Woolworths.

Stocks to slip as Coles reveals supermarket profits

Reporting season continues with results from supermarket giant Coles. Futures are pointing to falls after US stocks retreated overnight. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Coles Reports Robust Fiscal Year Results: Supermarket Sales Surge, E-commerce Thrives, Liquor Division Shows Moderate Growth

read the original version on: www.retailnews.asia Coles has announced a 3.6% increase in group sales, reaching $44.3 billion, with an EBITDA rise of 11% to $3.9 billion for the current fiscal year. The group’s net profit after tax also increased, up by 2.4%, yielding a total of $1.07 billion. Driving Growth Through Supermarkets The company attributes much of its sales growth […] The post Coles Reports Robust Fiscal Year Results: Supermarket Sale…

Coles sees sales growth underpinned by supermarket segment

Coles has reported a 3.6 per cent increase in group sales at $44.3 billion, with its EBITDA rising 11 per cent to $3.9 billion for the current fiscal year. The group’s net profit after tax rose 2.4 per cent to $1.07 billion. Sales growth was driven by the strong performance of its supermarket segment, which grew 4.3 per cent to $40 billion. Coles’ supermarket segment’s EBITDA rose 9 per cent, from $2 billion to $2.1 billion, and the segment’s gr…