Countdown March-qtr sales growth underpinned by produce, perishables

Countdown March-qtr sales growth underpinned by produce, perishables
Paul McBeth
By Paul McBeth May 2 (BusinessDesk) - The Woolworths-owned Countdown supermarket chain lifted sales 3.2 percent in the March quarter, which the retailer put down to growth in fruit, vegetables and perishables.  Sales across the 180 Countdown stores were $1.69 billion in the 13 weeks ended March 31, up from $1.64 billion a year earlier. Adjusting for Easter, when consumers typically line the aisles to stock up for the two days when supermarkets have to close their doors, the Australian company said sales were up 2.9 percent.  Countdown'...

More Primary Sector

Bell Potter boosts Santana target price 53.5%
Primary Sector

Bell Potter boosts Santana target price 53.5%

Aussie brokers increasingly like the look of a low-cost, high yield Otago gold play.

Pattrick Smellie 19 Apr 2024
Anna Palairet appointed Fonterra's chief operating officer
Primary Sector

Anna Palairet appointed Fonterra's chief operating officer

Having acted in the role since June last year, she replaces Fraser Whineray.

Riley Kennedy 19 Apr 2024