Coles Group Reports 3.1% Revenue Growth Driven by eCommerce Surge

Coles Group (COL.AX) has announced a 3.1% year-on-year increase in total group sales revenue for its third quarter, totaling A$10.70 billion for the 12-week period from January 5 to March 29, 2026. The results highlight the company's ability to maintain growth in a competitive retail environment, with the supermarket segment remaining the primary engine of revenue. Supermarket sales reached A$9.8 billion, representing a 4.0% increase, while comparable sales grew by 3.6%. Growth within the supermarket division was even more pronounced when excluding tobacco, where sales revenue increased by 5.7%. However, the most significant growth driver was the eCommerce division, which saw revenue surge by 24.8% over the quarter, reflecting a continuing shift in consumer shopping behavior. Following the announcement, shares of Coles Group rose 3.48% to trade at A$22.88. Management provided a positive outlook for the immediate future, stating that supermarket sales revenue growth in the early part of the fourth quarter has remained broadly in line with the third quarter's performance.