Australia’s Coles posts 1.3% rise in first-quarter sales By Reuters


© Reuters. FILE PHOTO: People walk past a Coles supermarket following the easing of restrictions implemented to curb the spread of the coronavirus disease (COVID-19) in Sydney, Australia, June 17, 2020. REUTERS/Loren Elliott

(Reuters) – Australian supermarket chain Coles Group (OTC:) on Wednesday reported a 1.3% rise in first-quarter sales, benefiting from higher product prices and the easing of COVID-19 curbs.

The company, which operates more than 800 stores in Australia, posted group sales revenue of A$9.89 billion ($6.32 billion) for the 13 weeks to Sept. 25, compared with A$9.77 billion a year ago.

($1 = 1.5649 Australian dollars)

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