The retailer posted a 5.2 per cent rise in revenues to $41.8 billion in the 12 months to June 30, underpinned by supermarket sales.
Revenues rose to $41.8 billion, largely due to price increases earlier this yearColes chief executive Leah Weckert says fresh produce prices are falling, even as baked goods, grocery items and dairy products remain expensive.
The supermarket chain’s results provide a glimpse into cost-of-living pressures, which Ms Weckert said was the most significant issue for customers, particularly young families and those younger than 34. But, she added, the prices of fresh produce and even read meat was falling.
The company will pay a final dividend of 30¢ per share, taking total dividends for the year to 66¢. This is unchanged from a year ago.
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