Coles Group (COL) | 3Q20 sales up 12.9%, driven by surge in demand in Supermarkets
Food Retailing: Coles 3Q20 sales increased 12.9% to $9.2bn, driven largely by its Supermarkets business. Supermarkets sales revenue for the third quarter was $8,230m, up 13.8% on the pcp, with comparable sales growth of 13.1%. The imposed social distancing measures introduced led to a significant increase in demand across all categories. Recently, restrictions on categories are being lifted as demand reduces and supply improves. Coles Online sales revenue grew by 14% in the third quarter, despite being suspended in March.