Coles’ sales lift

Company News


Wesfarmers Limited (ASX:WES) owned Coles has increased total sales across its food, liquor and convenience divisions after improving its store network.
 
Coles' first quarter sales rose by 4.9 per cent to $8.9 billion, compared with $8.49 billion in the first quarter of fiscal 2013.
 
Wesfarmers managing director Richard Goyder said volume growth remained strong, particularly in fresh produce.
 
Food and liquor sales reached $6.91 billion, a 4.4 per cent increase from the previous corresponding period.
 
Wesfarmers said comparable food and liquor sales, which strip out store closures and openings, grew 3.4 per cent.
 
Wesfarmers generated a net profit of $2.26 billion in fiscal 2013.

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