Coles Logs 6.1% Sales Growth to $33.7B

By International Business Times,  July 25, 2012, 11:06:14 PM EDT

Coles gained the upper hand in its battle for the number position with Woolworths as the number one supermarket by reporting on Thursday a yearly sales growth of 6.1 per cent to $33.7 billion.

It is the twelfth consecutive quarter that Coles, owned by Wesfarmers, triumphed over Woolies in sales growth from existing outlets.

Although Coles logged a 3 per cent sales growth for the fourth quarter of its financial year that ended June but below analysts' expectation of 3.2 per cent, it was better than Woolworth's 1.3 per cent growth rate for the same quarter.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Chris Christie On Oklahoma Tornado
Chris Christie On Oklahoma Tornado  
London Beheading Attack
London Beheading Attack             
Trail Of Destruction In Moore
Trail Of Destruction In Moore       
Jose Canseco Tweets About Rape Charge
Jose Canseco Tweets About Rape Char...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.31 0.13  0.97%
PFE $ 29.30 0.52  1.81%
GE $ 23.86 0.20  0.85%
F $ 14.97 0.02  0.13%
MSFT $ 34.61 0.24  0.69%
QQQ $ 73.65 0.62  0.83%
MU $ 10.92 0.31  2.76%
INTC $ 24.07 0.08  0.33%