Coles' (ASX:COL) supermarket revenue jumps 5.1% to $9.07B in Q3 FY24

Coles Group reported a 5.1% surge in supermarket revenue to $9.07 billion for the third quarter of FY24, up from $8.63 billion in the same period last year.

Overall sales revenue increased 6.4% to $10.03 billion.

The growth is credited to successful value campaigns driving volume and sales. However, the liquor segment saw a slight dip in revenue of 1.9%.

Coles also reported a 34.9% rise in eCommerce sales and boosted exclusive brand revenue by 8.8% through new product launches and range enhancements.