Coles reports a 3% decline in profits, benefiting from a $120 million increase in sales due to strikes at Woolworths.
Coles profit drops 3 per cent, receives $120m sales boost from Woolworths strikes
March 7, 2025
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It’s interesting to see how external factors like the Woolworths strikes can influence the performance of rivals such as Coles. A 3% profit drop might raise some concerns, but the $120 million sales boost is definitely a silver lining. It highlights how competitive dynamics in the grocery sector can shift quickly due to labor issues. It will be interesting to see how both companies adapt moving forward—whether Coles can sustain this increased demand and how Woolworths responds once the strikes are resolved. Do you think this sales boost will have any long-term impact on Coles’ market position?