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HomeStockAustralia's Coles posts 1.3% rise in first-quarter gross sales By Reuters

Australia’s Coles posts 1.3% rise in first-quarter gross sales By Reuters



© Reuters. FILE PHOTO: Individuals stroll previous a Coles grocery store following the easing of restrictions carried out to curb the unfold of the coronavirus illness (COVID-19) in Sydney, Australia, June 17, 2020. REUTERS/Loren Elliott

(Reuters) – Australian grocery store chain Coles Group (OTC:) on Wednesday reported a 1.3% rise in first-quarter gross sales, benefiting from increased product costs and the easing of COVID-19 curbs.

The corporate, which operates greater than 800 shops in Australia, posted group gross sales income of A$9.89 billion ($6.32 billion) for the 13 weeks to Sept. 25, in contrast with A$9.77 billion a yr in the past.

($1 = 1.5649 Australian {dollars})

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