Coles Group revenue hits 11 billion dollars despite falling share price
Australian supermarket operator Coles Group reported higher first quarter revenue driven by e-commerce, but its share price fell following cost warnings.
FTMQ Food, written by our newsroom3 views
Coles Group reported total sales revenue of 11.21 billion Australian dollars for the first quarter of financial year 2027, up from 10.96 billion Australian dollars in the same period last year, grafa.com reported. [1]
The revenue growth was driven by a 3.6 percent rise in supermarket sales to 10.32 billion Australian dollars, according to grafa.com. Online grocery orders surged 22.9 percent, which helped offset a 1.3 percent decline in liquor store sales, which fell to 831 million Australian dollars. [1]
Management confirmed that the company is continuing to invest in technology initiatives, including electronic shelf label installations and an expanded capability partnership with Accenture, grafa.com reported. Despite the sales growth, Coles shares fell 7.67 percent to close at 21.66 Australian dollars after a warning regarding first half performance. [1]
In short
- Coles Group generated 11.21 billion Australian dollars in first quarter FY27 total sales revenue.
- Supermarket sales rose 3.6 percent while online grocery orders increased 22.9 percent.
- Coles Group shares fell 7.67 percent to 21.66 Australian dollars following a first half warning.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]The digital cart rush redefining Australian retail profit poolsgrafa.com, 3d ago (the report this story comes from)
Background
- [2]List of Stanford University alumni on Wikipedia
Our newsroom writes these reports with the help of software, from the 2 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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