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Wesfarmers focused on delivering "win-win" for consumers and shareholders

Wesfarmers delivered a clean set of results, setting the benchmark in the post-pandemic era.

Carl Capolingua
Lead Writer and Presenter
16 February 2024
∙This article is more than 12 months old and may be outdated
∙1 min read

Mentioned

WES
$103.1B

HIGHLIGHTS

  • Wesfarmers operates across various sectors including hardware, consumer goods, pharmacy, healthcare, mining, chemicals, energy, and fertilisers
  • Bunnings contributed nearly $10 billion in revenue and $1.34 billion in earnings, supporting a 3% increase in group earnings
  • Kmart experienced a highlight with 7.8% sales growth despite a challenging retail environment
  • Wesfarmers faced challenges in businesses affected by commodity price cycles, such as the Mt Holland lithium project going over budget and WesCEF experiencing lower earnings due to falling ammonia prices
  • Mr. Scott believes in seizing opportunities in beaten-down ASX lithium stocks

ABOUT THE AUTHOR

Carl Capolingua
Lead Writer and Presenter

Carl brings more than 30 years of investing experience and a track record of helping thousands of investors navigate every kind of market. A highly regarded commentator on global macro trends and their impact on Australian and US equities, he is also one of Australia's most recognised educators in technical analysis — having taught his distinctive price-action trend following methodology to two generations of investors.

Printed

14/07/2026