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Coles revenue climbs to $10.7 billion as supermarket performance offsets liquor slump
Coles revenue climbs to $10.7 billion as supermarket performance offsets liquor slump

Coles revenue climbs to $10.7 billion as supermarket performance offsets liquor slump

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Coles Group Limited (ASX:COL) has reported total sales revenue of $10.7 billion for the third quarter of 2026, representing a 3.1% increase compared to the prior year.

The result was bolstered by the Supermarkets division, which generated $9.8 billion in revenue, a 4.0% rise underpinned by strong volume growth and a 5.7% surge when excluding tobacco sales.

This momentum was significantly supported by a 24.8% jump in eCommerce sales, with digital penetration reaching 13.6% for the quarter.

CEO Leah Weckert attributed the "above market" growth to a disciplined focus on value and availability, noting that customer engagement remained high despite market volatility.

In contrast, the Liquor segment faced a challenging environment, with revenue sliding 3.9% to $781 million.

Comparable liquor sales fell 4.3% as consumer sentiment weakened in March due to geopolitical uncertainty and rising cost-of-living pressures.

Looking ahead, Coles warned of intensifying operational headwinds, reporting an increase in supplier cost-price requests and rising internal expenses for fuel, freight, and packaging.

While supermarket sales in early Q4 remain "broadly in line" with third-quarter trends, the company expects ongoing pressure on liquor earnings due to reduced consumer spending.

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