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Coles delivers higher net profit amid increase in sales

Inside Retail

Coles saw its profit slightly grow on the back of higher revenue in the last fiscal year, amid the renewal and opening of new stores. The supermarket chain’s net profit grew 1.8 Supermarket revenue increased 6.2 Other segments’ revenue stood at $837 million. per cent to $1.12 per cent to $43.57

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Coles revenue up amid positive supermarket, liquor sales growth

Inside Retail

Coles booked higher revenue in the first half, thanks with both supermarket and liquor sales increasing. The supermarket and liquor retail operator’s revenue grew 3.7 billion, with supermarket turnover up 4.3 billion with net profit down 2.2 per cent to $23.04 per cent to $20.63 billion and liquor sales up 0.8

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Woolworths and Coles drew consumer ire for cost-of-living pressures in 2024

Inside Retail

Woolworths and Coles, Australias supermarket goliaths, have gone from Covid-19 heroes to cost-of-living villains in the last two years. billion that cut net earnings to just $108 million. billion net profit for the last financial year, with a year-high share price of $19.40 billion, but booked provisions worth $1.6

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Coles’ revenue rises on higher supermarket, liquor sales

Inside Retail

Supermarket chain Coles booked higher revenue in the fiscal first half, thanks to a sales increase across all segments. billion, post-tax net profit slid 3.6 billion as supermarket revenue went up 4.9 billion as supermarket revenue went up 4.9 Revenue from other segments stood at $450 million.

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Analysis: Coles, Woolies’ shrinking product ranges are all about the bottom line

Inside Retail

Retailers have long been obsessed with expanding their product ranges product diversification and line extension have been critical for supermarkets to keep pace with online marketplaces like Amazon. However, Australias leading supermarkets are changing tack. To be clear, there is no set target on this at all. per cent to $1.45

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Woolworths Group’s Australian food, B2B segments lead sales increase

Inside Retail

The supermarket chain’s net profit before significant items slid 0.6 billion while net profit after significant items plummeted 93.3 billion while other segment’s sales stood at $356 million. Woolworths Group booked lower earnings despite higher sales in the last fiscal year. per cent to $1.71

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For Thai retailers CP Axtra and Big C, new stores and fresh food drive growth

Inside Retail

Note that although Makro is billed as a wholesaler, its customer base includes an enthusiastic consumer segment that prefers the Makro bulk-buy experience and uses it as an alternative go-to for products it cannot get at a regular supermarket. The gross profit margin on sales for the three company segments improved to 14.9

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