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Woolies shares up on strong sales growth

Shares in Woolworths have risen after the supermarket chain unveiled strong first quarter food sales that continued to outpace the growth of rival Coles.

Woolworths' comparable first quarter food sales at its Australian supermarkets rose 4.9 per cent to $9.63 billion, compared with Coles' 0.4 per cent lift in first quarter comparable sales released last week.

Shares in Woolworths were up 32 cents, or 1.26 per cent, at $25.62 by 1030 AEDT, their highest level since October 19 and a resumption of the upward trend taken since the stock hit a nine-month low earlier in October.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
354thRio Tinto12%-1%
441stWestpac-2%13%
453rdTelstra-4%21%
466thCommonwealth Bank-7%14%
541stWoolworths-19%-1%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

1st↑Woolworths$61,149.4m
2nd-Rio Tinto$49,225.3m
5th-Commonwealth Bank$27,005.0m
6th-Telstra$26,607.0m
7th↑Westpac$21,642.0m
76 listed non wa companies ranked by revenue.
Source: Morningstar

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