Coles in the fastest lane

A batch of companies are reporting on the September quarter today...

Starting with Coles, reporting a 3.9% increase in sales revenue growth.

This was pushed by a 4.8% growth in Supermarkets revenue, while it was down 1.1% for the liquor segment. Meanwhile, eCommerce sales grew across both segments.

Sales growth seem to be higher than Woolworth's, up 4.6% in Supermarkets and down 1.4% in Liquor, while Woolies reported a 2.7% sales growth on Wednesday.

Coles adds that at the beginning of this quarter, supermarket sales are stable from the previous quarter, with the liquor market remaining "challenging"