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
0 Comments
One thought on “Coles profit drops 3 per cent, receives $120m sales boost from Woolworths strikes”
Leave a Reply
Explore More
Peter Dutton says he wants house prices to ‘steadily increase’ to protect home owners
Title: Peter Dutton Advocates for Gradual Increase in Housing Prices to Safeguard Homeowners In a recent statement, Peter Dutton has emphasized the importance of a steady rise in housing prices,
If ya paying $6 for a meat pie, you shouldnt have to pay 50c for sauce?
The Great Sauce Debate: Is Charging Extra for Sauce Justified? In the culinary world of quick snacks, the iconic meat pie holds a special place in our hearts—and stomachs. Yet,
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?