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Why Coles’ CEO isn’t counting his roast chickens before they hatch

Coles records strong performance in supermarkets and liquor. Image: Bigstock.
Coles has powered through the first half of FY21 with comparable sales growth of 7.2 per cent in Supermarkets, 15.1 per cent in Liquor and 9.9 per cent in Express.  Sales revenue across the business increased by 8.1 per cent to $20.4 billion, earnings before interest and tax rose 12 per cent, and net profit after tax was up 14.5 per cent.  But CEO Steven Cain said the outlook for the supermarket chain is uncertain, warning that the drop in immigration and reduced financial stimulus cou