Wesfarmers Limited (ASX:WES) owned-Coles has delivered 6.7 per cent growth in sales for the 2011 financial year, coming in at $31.768 billion.
The retail giant’s food and liquor division also improved over the year, sales added 6.3 per cent to just over $25.025 billion.
In the year home improvement and office supplies sales rose 5.4 per cent, Officeworks sales gained 4.4 per cent and Kmart sales were flat at 0.4 per cent, while Target posted a 1.2 per cent fall in sales.
Managing director Richard Goyder has described the overall performance as solid and says strong sales momentum in Coles and Bunnings was a highlight of the results.
Shares in Wesfarmers have fallen 2.36 per cent in morning trade to $29.38.
Wesfarmers reported an interim profit of $1.17 billion in the first half of its 2011 financial year.
