Aussies ‘fed up’ with Coles, Woolies profits - Yahoo Australia

Aug 31, 2024 · Struggling Australians are fed up with the Woolworths and Coles duopoly as the grocery giants continue to bank huge earnings, Oxfam Australia says. Coles posted an annual …

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Rage Grows As Woolworths And Coles Declare $1.2 Billion

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Aug 28, 2024 · Coles and Woolworths have posted hundreds of millions of dollars in profit and some shoppers aren't happy. (Source: Getty) Woolworths and Coles have announced …

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Coles Reveals $1.1bn Profit While Aussies 'can't Afford Food'

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Coles has reported a $1.1 billion net profit, as Aussies struggle with the rising cost of living. (Source: Getty/AAP) Supermarket giant Coles has been called out for posting a big profit, as …

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Coles, Woolies Under Fire As Farmers Say Millions Lost In Wasted …

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Mar 13, 2024 · Coles posted a $1.1bn full-year profit at its most recent full-year results, while Woolworths lifted its annual profit to $1.6bn. ... pointing to survey data from January that …

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Coles Issues Warning Amid Cost-of-living Pressures - News.com.au

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Trend taking over Aussie shoppers amid cost-of-living pressures ... Coles said the company’s first-quarter sales were up 2.9 per cent to $10.55bn, with its flagship supermarket arm posting …

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Australia's Coles Beats Annual Profit View On Strong Sales, Shares Rally

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Aug 27, 2024 · Shares in the Australian supermarket operator were up 2.4%, as of 0035 GMT, after rising as much as 3.2% earlier in the day to A$19.050, their highest since August 2022. ...

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Qantas, CBA, Woolworths, Coles ‘excess’ Profits Driving Cost Of …

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Feb 24, 2023 · The findings came in the same week Qantas announced a $1.4 billion profit, supermarket giant Woolworths revealed a $907 million profit – up by 14 per cent – and fellow …

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Coles, Woolworths Profit Surge Raises Questions Over Inflation ...

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Feb 22, 2023 · Woolworths' net profit after tax (excluding major one-offs) was up 14 per cent to $907 million on a 4 per cent sales increase. Aside from its eponymous supermarkets, …

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FAQs about Aussies ‘fed up’ with Coles, Woolies profits - Yahoo Australia Coupon?

Are Aussies happy with Coles & Woolworths' 2023-24 profit?

Coles and Woolworths have posted hundreds of millions of dollars in profit and some shoppers aren't happy. (Source: Getty) Woolworths and Coles have announced hundreds of millions of dollars in profit for the 2023-24 financial year. And while it's good news for shareholders, Aussies across the country aren't impressed. ...

Are Australians fed up with Woolworths & Coles?

Struggling Australians are fed up with the Woolworths and Coles duopoly as the grocery giants continue to bank huge earnings, Oxfam Australia says. Coles posted an annual $1.1bn profit this week (up 10 per cent), making 2.56 cents for every dollar a customer spends. ...

Are Coles & Woolies raking in big profits?

Coles and Woolies are raking in big profits and raising their margins as the cost-of-living crisis enters its fourth year. The big two supermarkets reported their financial results to the stock market this week, and both showed just how enormous they are in the Australian landscape. Woolworths’ Australian supermarkets reported $50 billion in sales. ...

What percentage of Australia's grocery markets are owned by Coles and Woolworths?

Coles and Woolworths control 65 per cent of Australia’s grocery markets. “It’s unacceptable that while everyday Australians are struggling to put food on the table, Woolworths and Coles continue to report staggering profits,” Oxfam Australia chief executive Lyn Morgain said. ...

Are Coles & Woolworths making a lot of money?

Coles and Woolworths have both recorded multi-billion dollar profits, and one of the key factors is rather depressing. While the cost of fresh food has dropped across the board, we’re buying more of it because we can’t afford to eat out as much with friends and family. ...

Are Coles & Woolies really helping the cost of living?

"While Coles and Woolies have been promoting how they're supposedly helping with the cost of living, in the background they've been banking huge profits. At the same time, frequent changes in prices mean it's hard to tell if you’re even getting a genuine discount. They are well and truly deserving of a Shonky award," added Kirkland. ...