Coles’ convenience sales revenue for the first half of FY20 was $572 million, according to the retailer’s latest results.
This is a 4.6% increase on the prior corresponding period. Comparable convenience sales growth was 2.9% for the half, driven by the successful Little Shop 2 campaign.
For the second quarter, convenience sales growth increased by 6.1% with comparable convenience sales increasing by 5.1 per cent. This, says Coles, was largely a result of growth in seasonal categories such as drinks and ice-cream, and food-to-go.
The drinks category was also supported by a targeted range review implemented during the half which saw the introduction of healthier drink options such as kombucha and probiotic drinks.
During the half, one new site was opened, and two sites closed, taking the total network to 713 sites.
Fuel
Fuel volumes increased by 3.3% during the half, with comparable fuel volumes increasing by 4.2%.
According to Coles, average weekly fuel volumes of 64.4 million litres were recorded in the half.
For the second quarter, fuel volumes increased by 5.2% with comparable fuel volumes increasing by 6.4%. Coles says this represents the first consecutive quarters of positive growth in six years.
