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BRIEF-Coles Group Says In Online, Sales Up About 60% In First Six Weeks Of FY21

Published 18/08/2020, 09:14 am
© Reuters.
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Aug 18 (Reuters) - Coles Group Ltd COL.AX :

* IN FIRST SIX WEEKS OF Q1 OF FY21, SUPERMARKETS COMPARABLE SALES REMAIN BROADLY IN-LINE WITH LEVELS ACHIEVED IN SECOND HALF

* IN ONLINE, SALES ARE UP ABOUT 60% IN FIRST SIX WEEKS OF FY21

* FY21 CORPORATE COSTS EXPECTED TO BE SLIGHTLY ABOVE FY20 RECURRING CORPORATE COSTS

* CONTINUED TO INCUR SIGNIFICANT INCREMENTAL COVID-19 COSTS IN EARLY PART OF FY21

* ON SUPERMARKETS, INFLATION FELL IN LATTER PART OF Q4; IN EARLY Q1 OF FY21, THIS TREND CONTINUED WITH INFLATION BROADLY IN-LINE WITH Q3 OF FY20

* GROSS OPERATING CAPITAL EXPENDITURE EXPECTED TO BE ABOUT $1 BILLION IN FY21

* IN FY21, COLES' 50% SHARE OF FLYBUYS' NET RESULT IS ALSO EXPECTED TO BE BROADLY IN-LINE WITH FY20

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