The Australian retailer, Coles Group Limited (ASX: COL) released its 2020 First Quarter sales results, with sales increase across all segments as Supermarkets delivered a 48th consecutive quarter of comparable sales growth.
- Group first quarter sales revenue increased by 1.8% to $8.7 billion;
- Liquor comparable sales was up by 0.7% with strong performance in First Choice;
- This was the first quarter of positive comparable fuel volume growth in four years;
- The Company is in an Agreement with renewable power generation player Metka EGN to secure three new solar power plants to provide 10% of Coles’ national electricity usage, the first deal of its kind to be made by a major Australian retailer.
At 1:01 PM AEST on 29 October 2019, COL was trading at $14.905, up by 2.37%.
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