Business
The good news in Coles’ big sales drop – The Australian Financial Review
Coles boss Steven Cain is looking past a March quarter sales drop at the return of shoppers to the nation’s shopping centres.
Perhaps not surprisingly, Cain and many others in the market are looking past the monthly movements, and it was notable Coles published two-year growth rates on Wednesday, showing a more palatable supermarket sales growth rate of 6.7 per cent for the March quarter, and a growth rate of 8 per cent in April.
Yes, statistics can be made to tell any story you like. But the point is that investors need to take the big sales swings we are likely to see this year with a grain or seven of salt.
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