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Coles pockets $1 billion profit as Smarter Selling pays off

Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21.  At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 per cent to $1.005 billion.  Coles’ supermarkets, liquor and express business units reported strong sales, which were up 3.1 per cent across the group to $38.6 billion in FY21, a 10.2