THE release of Coles’s sales results for the December quarter today is expected to confirm that its grocery business has outperformed rival Woolworths on a same store basis for a 10th consecutive quarter.
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And it won’t be the last, with analysts predicting its golden run will continue this year.
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”We forecast Coles to report comparable store sales growth of 4.7 per cent in [the December quarter], a slowdown from 5.1 per cent in the [first quarter] but still a significant growth premium to Woolworths,” said Citi’s retail team headed buy Craig Woolford.
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”We expect Coles to maintain a comparable store sales growth gap to Woolworths during 2012.” Sydney Morning Herald – Read more…