Coles profit drops 3 per cent, receives $120m sales boost from Woolworths strikes

Coles reveals its half-year profit dropped 3 per cent — though it is not because groceries are getting cheaper. Its CEO Leah Weckert says the company received a $120 million boost to sales after rival Woolworths was affected by industrial action before Christmas. Coles reveals its half-year profit dropped 3 per cent — though it is not because groceries are getting cheaper. Its CEO Leah Weckert says the company received a $120 million boost to sales after rival Woolworths was affected by industrial action before Christmas. Company News, Supermarkets and Grocery Retailers, Retail Industry, Cost of Living Latest business news