article thumbnail

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 ” In the first eight weeks of the current fiscal year, supermarket sales jumped 3.7

article thumbnail

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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Woolworths books higher net profit, sales in first half

Inside Retail

Solid results in the Australian food and B2B business segments drive an increase in first-half sales and net profit for Woolworths Group. The supermarket group’s net profit rose 2.5 The post Woolworths books higher net profit, sales in first half appeared first on Inside Retail Australia.

article thumbnail

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

Consumer 246
article thumbnail

Woolworths profit falls 20.6 per cent amid strikes, changing consumer habits

Inside Retail

Woolworths Group booked lower profit in the first half, attributed to the 17-day industrial action impacting its supermarket business last December and a trend of customers seeking more value when shopping. The group’s net profit fell 20.6 per cent to $1.45 billion.

Consumer 243
article thumbnail

Reports: JD.com to Spin Off Grocery Unit Centered on 7Fresh Supermarket Chain

Retail TouchPoints

JD.com reportedly plans to combine its 7Fresh supermarket chain with other online services, creating an independent company selling fresh food and groceries to millions of people throughout China, according to Bloomberg and other media outlets. million USD ) in net profits during the next two decades.

article thumbnail

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 However, while group earnings before interest and taxes rose by 0.6