Coles and Woolies have recorded increased sales for the first quarter of the year.
’ sales grew 5.1% in the first three months of 2024, compared to the previous year.
recorded a 2.8% increase for the quarter.
It comes amid several ongoinginto the two major supermarkets, as they face questions over their conduct and profits during a cost of living crisis.
Context
According to data released this week, Coles reported around $10 billion in sales over the January to March period.
Your contribution ensures The Daily Aus can continue doing the work you love.
I want to give $10 monthly to help TDA keep doing the news.
Your details:
While Woolworths recorded a smaller percentage increase in sales for the quarter (2.8% compared to 5.1%), its boosted sales added up to $16.8 billion in revenue.
Sales results are different to profits, which take into account business expenses such as wages and taxes.
Coles and Woolies’ first quarter results
According to data released this week, Coles reported around $10 billion in sales over the January to March period.
While Woolworths recorded a smaller percentage increase in sales for the quarter (2.8% compared to 5.1%), its boosted sales added up to $16.8 billion in revenue.
Sales results are different to profits, which take into account business expenses such as wages and taxes.
