Business
Woolworths soars ahead of Coles in new year sales – Sydney Morning Herald
Supermarket giant Woolworths appears to be comfortably outperforming rival Coles in the new year, reporting an 8 per cent jump in sales across the first seven weeks…
Woolworths has been a major beneficiary of the COVID-19 pandemic thanks to repeated bouts of panic buying as states such as Victoria and parts of New South Wales entered lockdown last year.
Sales at the retailer rose 10.6 per cent to $35.8 billion for the six months to the end of December, and earnings soared nearly 30 per cent to $1.13 billion, in line with analyst expectations.
Online sales at Woolworths digital division nearly doubled for the period to $1.8 billion, with the segment now comprising…
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