News: COL Coles Group Says In Online, Sales Up About 60% In First Six Weeks Of FY21

Aug 18 (Reuters) - Coles Group Ltd (COL) :

• IN FIRST SIX WEEKS OF Q1 OF FY21, SUPERMARKETS COMPARABLE SALES REMAIN BROADLY IN-LINE WITH LEVELS ACHIEVED IN SECOND HALF
• IN ONLINE, SALES ARE UP ABOUT 60% IN FIRST SIX WEEKS OF FY21
• FY21 CORPORATE COSTS EXPECTED TO BE SLIGHTLY ABOVE FY20 RECURRING CORPORATE COSTS
• CONTINUED TO INCUR SIGNIFICANT INCREMENTAL COVID-19 COSTS IN EARLY PART OF FY21
• ON SUPERMARKETS, INFLATION FELL IN LATTER PART OF Q4; IN EARLY Q1 OF FY21, THIS TREND CONTINUED WITH INFLATION BROADLY IN-LINE WITH Q3 OF FY20
• GROSS OPERATING CAPITAL EXPENDITURE EXPECTED TO BE ABOUT $1 BILLION IN FY21
• IN FY21, COLES' 50% SHARE OF FLYBUYS' NET RESULT IS ALSO EXPECTED TO BE BROADLY IN-LINE WITH FY20

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