Wesfarmers (ASX:WES) has released the Coles retail sales results for Quarter 1 2019.
Coles Supermarket headline sales for the quarter are $7.7 billion, up 5.8 per cent and total Coles sales are up 5 per cent compared to the prior corresponding quarter.
Managing Director, Rob Scott attributes the increase to strong growth in basket size, number of transactions and units sold as well as the successful ‘Coles Little Shop’ campaign
These results come before the shareholder vote on the demerger of Coles next month.
Shares in Wesfarmers (ASX:WES) closed 0.25 per cent lower at $ 47.33 on Friday