Coles: up to 7% rise on trading debut as broader market wilts
date:Nov 23, 2018
ecting the acquisition of Jean Coutu. Sales were up 2.5% excluding the drugstore business. Food same-store sales grew 2.1%, with pharmacy same-store sales up 1.8%. For the full year, sales reached a record $14.4bln, up 9.2%, with adjusted net earnings up 13.0% to $605.9mln. Commenting on the results, president and CEO, Eric La Flche, stated: With the acquisition of the Jean Coutu Group, fiscal 2018 was a pivotal year for the Corporation that ended on a strong note with solid growth in same-store
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