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Coles Reports Strong Q3 Growth with E-Commerce Surge and Value Campaigns

Australia's second-largest supermarket saw a 3.7% rise in supermarket sales and 25.7% growth in online revenue, while monitoring fallout from U.S. tariffs and weather disruptions.

The Coles logo is seen on a facade of a Coles supermarket in Sydney, Australia, February 20, 2018. REUTERS/Daniel Munoz/File Photo
Coles says shoppers are still looking for heavily discounted stock. NewsWire / James Gourley
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Overview

  • Coles' third-quarter supermarket sales rose 3.7% to A$9.4 billion, with total group revenue reaching A$10.38 billion.
  • E-commerce sales surged 25.7% to A$1.1 billion, driven by improvements to the app and website, increasing online penetration to 11.3%.
  • Value-focused promotions and shifting consumer habits, including reduced spending on discretionary items like alcohol and bottled water, fueled growth.
  • Overall supermarket inflation held at 1.5%, with deflation in health and home products offsetting rising costs in fresh produce and meat.
  • Coles is closely monitoring potential indirect impacts from U.S. tariffs and recovering from weather-related disruptions, including Cyclone Alfred and Queensland flooding.