Sales at Coles exceeded expectations and were far higher than Woolworths in the first half of the financial year, with a strong-performing supermarkets division powering an increase in dividends.
Australia’s second-biggest supermarket chain benefited from industrial action at Woolworths in December, investing heavily to get stock on shelves to meet increased demand. It gained about $120 million in extra sales and $20 million in earnings in the half from these disruptions.
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