Coles Group's Q1 FY25 sales performance

Coles Group (ASX:COL) has announced a 2.9% rise in total group sales revenue for the first quarter of FY25. The period, spanning 13 weeks from July 1 to September 29, 2024, experienced growth fueled by value campaigns and exclusive brand offerings. Supermarkets saw a 3.5% increase in sales, while liquor sales remained unchanged.

Coles Group's strategic outlook and future plans

Coles Group's announcement of its Q1 sales results shows a strategic focus on enhancing customer value through promotions and exclusive products. Supermarkets drove growth, supported by a robust eCommerce strategy, while liquor sales faced challenges due to economic conditions. Coles continues to expand its product offerings and increase digital engagement, aiming to provide affordable and quality options. Looking forward, the company plans to open a third automated distribution center, reflecting its commitment to operational efficiency and customer satisfaction amidst cost-of-living pressures.

Executive insights on Coles' Q1 performance

The solid performance in our supermarkets segment highlights the success of our value campaigns and eCommerce initiatives. The resilience in our sales growth despite challenging economic conditions is a testament to our strategic focus and commitment to providing value to our customers.