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Coles reports positive sales but remains cautious

Image of a store entrance to a Coles supermarket
As the supermarket’s slogan goes, “Good things are happening at Coles”, but they don’t come easily, especially during the past year when the retailer has faced panic buying, punch-ups and positive coronavirus cases. Last week the supermarket giant reported profit growth for the first time in four years, up 7.1 per cent to $951 million. The overall trend towards in-home dining ensured strong supermarket sales of $33 billion for the year. But for how long the retailer can expect to benefit