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The supermarket chain’s netprofit before significant items slid 0.6 billion while netprofit after significant items plummeted 93.3 Big W’s sales remained flat amid markdowns to clear the autumn/winter range. Woolworths Group booked lower earnings despite higher sales in the last fiscal year.
Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21. At its full year results announcement on Wednesday morning, Coles revealed that netprofit broke the one-billion-dollar mark, rising 2.8 per cent to $1.005 billion.
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