Wesfarmers Shares Continue Upward as Leadership Shuffle Announced
Wesfarmers shares (ASX: WES) continue on an upward path, gaining 1.32% on the day to bring the cumulative 1 month return to 11.84%. Now with WES looking intent to retest the 52 week highs of $77.20 set back in August, a leadership reshuffle is looming. The firm recently announced significant changes in its leadership structure,…
Wesfarmers Limited (ASX: WES)
Company Information About Wesfarmers Limited (ASX: WES) Wesfarmers Limited is an Australian conglomerate with interests in various businesses including home improvement, outdoor living, building materials, general merchandise, apparel, chemicals, energy, fertilizers, and industrial and safety products. The company operates through several segments: 1. Bunnings Group, which sells building materials as well as home…
Wesfarmers (ASX: WES) Take Profits, HOLD, or BUY
Diversified conglomerate Wesfarmers generates most of its revenues from four consumer retail operations. The company continued to increase revenue and remained profitable throughout the COVID pandemic. Wesfarmers has continued to perform well in the face of inflationary pressures and high interest rates. Wesfarmers is Australia’s largest conglomerate with market leading Bunnings Hardware and Officeworks along…
Wesfarmers Making Moves
Already the largest conglomerate in Australia/New Zealand, Wesfarmers (ASX : WES) continues to expand into new growth areas The company’s retail division includes the top hardware chain in the country – Bunnings – along with the top five discount department stores – K-Mart and Target – and the leading purveyor of office supplies in Australia…
Wesfarmers records slide in interim profit
SYDNEY, AAP – Retail and industrial conglomerate Wesfarmers has reported a 12.7 per cent drop in its interim profit to $1.21 billion in what the company described as the most disrupting period of the pandemic. The Perth-headquartered company that owns major chains including Bunnings, Officeworks, and Kmart Group – which includes Target – declared a…
Wesfarmers H1 has Kmart sales setback
SYDNEY, AAP – Wesfarmers is on course for first-half earnings which will satisfy investors but the coronavirus has crippled Kmart and Target. The group on Monday reported first-half net profit after tax should fall between $1.18 billion and $1.24 billion, which would meet investors’ expectations. The earnings are due on February 17. Bunnings and Wesfarmers’…
