Coles Group’s (COL) Sales Revenue Increased by 10.5% in Q1 FY21

November 03, 2020 02:31 PM AEDT
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On 28 October 2020, Coles Group Limited (ASX:COL) updated the market with its first quarter sales results. The quick highlights are-

Group sales revenue of Coles during the period rose by 10.5% to A$9.6 billion.
The Company’s supermarkets comparable sales growth was 9.7%, and online sales growth was 57%.
Coles stated that its liquor comparable sales growth during the period was 17.8% and online sales growth was 80%.
Coles Group had entered into a ten-year agreement with CleanCo to source over 90% of electricity needs of Queensland from renewable sources from July 2022.

On 3 November 2020, the share price of COL was noted at A$18.275 up by 1.134% at AEDT 1:23 PM.

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