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LIVE: Coles earnings revealed: Panic buying spiked sales despite profit drop – NEWS.com.au

Coronavirus panic buying has pushed up sales for supermarket giant Coles, as shoppers stripped shelves bare and stockpiled household staples for months on end.

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Coles boss Steven Cain said 2020 had been the “greatest test of our lifetime” as the business was hit by bushfires, floods and then the COVID-19 crisis.
“There has, and will be, much to learn from COVID-19. We are determined to emerge as a better, stronger business and team. Our purpose of sustainably feeding all Australians to help them lead healthier, happier lives is now more relevant than ever,” he said.
“The pace of change in the business is accelerating, particularly with our digital ass…

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