Australia’s Coles posts over 3% in quarterly sales

2022.04.28 02:12

FILE PHOTO: A woman walks in the fruit and vegetables section at a Coles supermarket in Sydney, Australia, February 20, 2018. Picture taken February 20, 2018. REUTERS/Daniel Munoz

(Reuters) – Australia’s No.2 supermarket chain Coles Group (OTC:CLEGF) posted a more than 3% rise in quarterly sales on Thursday as it benefited from increased stockpiling amid COVID-19 restrictions and rising food inflation.

The Melbourne-based retailer reported total sales revenue of A$9.08 billion ($6.47 billion) for the third quarter ended March 27, compared with A$8.76 billion a year earlier.

($1 = 1.4041 Australian dollars)

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