Reporting Season

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

Fri 16 Feb 24, 2:32pm (AEST)


  • 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

Created By

Carl Capolingua

Fri 16 Feb 24, 2:32pm (AEST)

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