Overview

• Normalised profit rose 2.3% to $1.08 billion, coming in below the $1.11 billion market expectation reported by Reuters.
• Supermarket sales increased 4.3% to $40 billion, driven by more transactions and bigger basket sizes supported by an expanded everyday low prices range and deeper discounts.
• The new financial year opened strongly with supermarket revenue up 4.9% over the first eight weeks, while liquor sales were flat.
• A final dividend of 32 cents per share takes the full-year payout to 69 cents, up from 68 cents a year earlier.
• Coles plans about 12 new supermarkets, two closures and roughly 70 store renewals in the year ahead.