Inside Retail
AUGUST 17, 2021
Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21. At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 per cent to $1.005 billion.
Inside Retail
AUGUST 21, 2023
Despite consumers’ changing spending habits, Coles delivered a positive result on Tuesday, with sales at the Australia supermarket chain slightly up year on year. And while net profit was slightly down from FY22, this still resulted in more than $1 billion being added to the business. Is inflation embedded?
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Inside Retail
FEBRUARY 23, 2022
Supermarkets were strong, Big W struggled. million, though due to a higher cost of doing business net profit fell 6.5 million, though due to a higher cost of doing business net profit fell 6.5 Woolies’ supermarket sector enjoyed a strong Christmas period, with sales up 3.2 per cent to $795 million.
Inside Retail
AUGUST 25, 2021
Woolworths has announced a $2 billion share buyback following the demerger of its drinks business Endeavour Group and a strong year at the supermarket checkouts. per cent lift in net profit to $2.07 Physical supermarket sales increased by 2.0 Online penetration for supermarkets is quite interesting – 8.5
Inside Retail
AUGUST 24, 2022
The business unveiled its FY22 performance on Wednesday morning, and said sales and earnings remained flat on a year prior and net profit edged 4.3 per cent higher to $1.04 As it stands, Coles’ prices grew 1.7 per cent throughout the year, though spiked 4.3 per cent in the last quarter. Expectations for year ahead .
Retail TouchPoints
JULY 29, 2021
But it turned out that the emporium of toys, games and fun could not in the end withstand the relentless competition and margin hits from the internet and supermarket retailers. Profits at Barbie and Hot Wheels firm Mattel were $126.6 LEGO also reported a strong year with net profit up almost 20% to DKK 9.9 and abroad.
Mass Relators
MAY 12, 2021
While COVID-19 continues to create significant uncertainty in 2021, the outstanding Q1 results provide us with the confidence to raise our underlying EPS and Group net consumer online sales growth outlook for the year.” ” The coronavirus pandemic continued to impact costs, hurting profitability. In addition, our U.S.
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