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1.Market Observations, 2.share trading, 8.Was Sticky

7 Feb 2020 (AFR) – Coles Group ups guidance after strong Christmas food sales

(7 February 2020, AFR, p17, Sue Mitchell, Senior Reporter)

‘Festive foods such as crackling ham and chocolate puddings teamed with free wine glasses helped Coles convince customers to loosen the purse strings in the run-up to Christmas. Australia’s second largest supermarket upgraded profit guidance for the December half after stronger than expected food sales and one-off property and insurance gains offset weaker margins in liquor.’

Read more at AFR.com (might need AFR login access)

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