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Australia’s Coles posts over 3% in quarterly sales -Breaking

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© Reuters. FILE PHOTO A woman is seen walking in the Coles fruit and vegetable section in Sydney on February 20, 2018, Australia. Photo taken February 20, 2018, REUTERS/Daniel Munoz

(Reuters). Australie’s number two supermarket chain Coles Group OTC: (OTC). Thursday’s more than 33% jump in quarterly sales was due to an increase stockpiling, COVID-19 restrictions, and higher food inflation.

For the March 27th quarter, total sales revenues of A$9.08 Billion ($6.47 Billion) were reported by Melbourne’s retailer. This is compared to A$8.76B a year ago.

($1 = 1.4041 Australian dollars)

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