Coles ‘Fresh Stikeez’ collectibles boost revenue

Company News

by Rachael Jones

Coles supermarkets (ASX:COL) revenue for the third quarter is up 3.2 per cent on the prior corresponding period to $7.27 billion.

Comparable sales growth of 2.4 per cent for the quarter was helped by the ‘Fresh Stikeez’ - the plastic mini fruit and vegetable promotional campaign.

Coles Online again delivered strong growth during the quarter of 27 per cent with sales of more than $1.0 billion achieved on a rolling 12-month basis.

This was also boosted by further investment in the Click & Collect channel.

Shares in Coles supermarkets (ASX:COL) closed 0.48 per cent higher at $12.60 on Friday.
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?