Australia-based supermarket chain Coles has reported a total sales revenue of A$10.25bn ($6.50bn) in the first quarter (Q1) of fiscal year (FY) 2024.
This is an increase of 3.6% from A$9.89bn in Q1 FY23.
During the 13 weeks to 24 September 2023, Supermarkets segment sales revenue grew 4.7% to A$9.18bn.
The segment delivered gross retail sales growth of 5.7% to A$9.5bn in Q1 FY24 and comparable sales growth of 4.6%.
E-commerce sales in the supermarkets segment increased by 24.6% to A$852m, with 9.1% penetration growth from 7.7%.
Sales revenue of Coles’ liquor segment was A$851m in Q1 FY24, up by 1.8% from A$836m in the same period a year ago. Its gross retail sales rose by 1.7% to A$853m.
The retailer opened one new store and closed one another, taking the network to 846 supermarkets as of the end of the quarter.
Coles Group CEO Leah Weckert said: “During the quarter, we continued to focus on providing our customers with more value at the checkout through our ‘Great value. Hands down’ campaign, as well as everyday prices, weekly specials and personalised Flybuys offers.
“We added several features to make it easier and faster for customers to find value through our digital platforms. Our expanded exclusive to Coles brand portfolio across food and liquor has never been more important while collectible campaigns have also provided value to customers. Pleasingly for customers, availability continues to improve and inflation in key categories is moderating.”
In August this year, the retailer inducted the first fully electric vehicle to its fleet of online delivery vans.
