Original article by Carrie LaFrenz
The Australian Financial Review – Page: 15 : 3-Sep-24

The latest financial results from grocery giants Coles and Woolworths show that the former is outperforming its larger rival on several key metrics. Coles is recording faster growth in sales, due to factors such as store promotions, the perception among consumers that it is a cheaper brand, and the ease of redeeming loyalty points. Coles is also narrowing the gap with Woolworths regarding gross margins, after focusing on stock losses and managing costs. Meanwhile, the share price of Coles has risen by nearly 20 per cent over the last 12 months, while Woolworths has shed 5.4 per cent.

CORPORATES
COLES GROUP LIMITED – ASX COL, WOOLWORTHS GROUP LIMITED – ASX WOW