Any "groiwth" in sales is well below CPI. Not good, but hardly...

Any "groiwth" in sales is well below CPI. Not good, but hardly unexpected given renters and those with home mortgages and/or substantial car loans are feeling the pinch given the rise in interest rates, with some economists suggesting there'll be further RBA cash rate rises.

However 'The Australian' says:

"...When Coles reported its quarterly sales last week it revealed similarly tough conditions in the liquor market as shoppers sought out cheaper booze options, traded down to less expensive liquor or slowed down their spending. Coles’ liquor arm, which includes Liquorland, First Choice and Vintage Cellars, recorded a 1.9 per cent fall in liquor sales for the third quarter.

For now it looks like Dan Murphy’s and BWS are outperforming rivals under the Coles banner..."

This will be a key reason why as at 1027 AEST, EDV sahres had risen 1.05 per cent to A$5.285.