The supermarket operator attributed the boost in sales to seasonal campaigns and rising digital revenue
Supermarket operator Coles has posted a surge in revenue from its groceries business, underpinning an 8.3% rise in annual profit to $1.1bn even as shoppers grappled with rising household costs.
Australia’s second largest supermarket chain significantly expanded its profit margins from its supermarket business to 5.2% from 4.8% a year ago, and recorded a jump in the number of people shopping online as well as those buying its own brand groceries.
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