Wesfarmers announces total Coles sales up 5%

Company News

by Anna Napoli

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

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.