Coles Q1 Up 4.7%, Theft Rises
Coles Group Q1 results rise 4.7%, trailing Woolworths' 6.1%. Increased customer interest in loyalty rewards; shoplifting at Coles spikes by 20%.
October 29, 2023
Simon Rowles
Founder, CEO
Quarterly Financial Overview
Supermarket Coles Group has reported an increase in first quarter results by 4.7%, while competitor Woolworths Group has seen a larger increase of 6.1%.
Consumer Behavior Insights
Coles has observed that customers are increasingly looking for ways to maximize their spending through loyalty points and bonus offers.
Security Challenges
There has been a significant rise in shoplifting incidents at Coles, with a reported increase of 20%.
