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Coles lifts annual profit as grocery revenue surges
Supermarket operator Coles has posted a 4.8% rise in full year cash profit to $1.1bn, lifted by a strong rise in revenue from its grocery business.
While revenue generated from liquor sales fell slightly, the country’s second biggest supermarket chain generated $36.75bn in revenue from its groceries business, up more than 6%.
The company’s annual results were the first delivered by the new chief executive, Leah Weckert, who took over earlier this year. Weckert said people were turning to supermarkets as they started to view takeaway meals as something to be purchased for special occasions.
They are looking to the supermarket to help them to do more with their budget.
Supermarket chains have been benefiting from passing on higher prices to shoppers in an inflationary environment which has also prompted more households to eat at home.
Coles also attributed the strong supermarket sales to drawing customers into its value product range and targeted campaigns around Easter, Christmas and Mother’s Day.
Updated at 19.22 EDT7m ago19.17 EDT
PM says Indigenous voice to parliament referendum date still being finalised
Albanese was also pressed to announce the date of the Indigenous voice to parliament referendum, but said we’re “working on finalising the date”:
It will be in October or November and we will confirm the date after consulting the AEC and signing off all the things that we’re going to sign off beforehand.
Speaking on ABC Melbourne radio, when asked if he could go back to election night when the referendum was first announced and change anything, Albanese said:
I’m committed to it. This is a matter of conviction. It’s not a matter of convenience.
He was also asked about the tone of the debate, and misinformation being spread:
Well, I’m not in control of some of the misinformation that’s out there … When you remove all the noise, it’s simply recognition and having an advisory body so we can listen to Indigenous Australians and get better results.
… I wish there wasn’t misinformation out there [but] it is what it is.
I did my best to get Peter Dutton onside and to get bipartisan support. It’s clear that that was never going to be the case, and that’s unfortunate. People of goodwill like Julian Leeser, Ken Wyatt, Bridget Archer and others out there campaigning …
Updated at 19.19 EDT13m ago19.11 EDT
Petrol price gotchas back in season
Albanese was asked about the price of petrol while on ABC Radio Melbourne, after the gotcha question of “name the price of…”…
2023-08-21 18:11:27
Source from www.theguardian.com
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