MELBOURNE, July 26 (Reuters) - Australia’s Wesfarmers Ltd said sales growth at its Coles supermarkets rose in its fiscal fourth quarter as higher sales volumes and government handouts offset record price deflation.
The retail-to-coal company said on Thursday same-store food and liquor sales at Coles, which makes up about half of group revenue, rose 3.0 percent in the fourth quarter from a year earlier.
That was a touch below market forecasts for 3.2 percent growth, according to a Reuters survey of five analysts, and compared with growth of 1.3 percent at top rival Woolworths Ltd .
Sales in the three months to June 24 compared with 2.7 percent growth in the third quarter. (Reporting by Miranda Maxwell; Editing by John MairOEC)