date:Aug 19, 2013
to Wesfarmers.
Wesfarmers said department store Targets earnings were disappointing, and reflected price deflation, clearance of excess inventory and increased costs.
Coles performance
Wesfarmers said Coles revenue for the year ended 30 June 2013 was $35,780 million, up 4.9 per cent from $34,117 million in 2012. EBIT in 2013 was $1,533 million, up 13.1 per cent from $1,356 in 2012.
Food and Liquor
Coles food and liquor revenue for the year ended 30 June 2013 was $27,933 million, up 5.2 per