Coles profits rise as consumers skimp on eating out

By Jacob Shteyman
Updated August 22 2023 - 2:42pm, first published 2:41pm
Coles' supermarket sales revenue for 2022/23 rose 6.1 per cent, with cash profits of $1.1 billion. (Lukas Coch/AAP PHOTOS)
Coles' supermarket sales revenue for 2022/23 rose 6.1 per cent, with cash profits of $1.1 billion. (Lukas Coch/AAP PHOTOS)

Cost-of-living pressures have helped supermarket giant Coles to a 4.8 per cent profit boost, but organised crime is increasingly threatening its bottom line.

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