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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.