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Wesfarmers Q1 Retail Sales Update
Wesfarmers Limited today announced its retail sales results for the first quarter of the 2018 financial year.
Managing Director Richard Goyder said that the sales performance of the Group’s retail businesses was generally pleasing, in particular the continued strong performances of Bunnings Australia and New Zealand, Kmart and Officeworks.
“Bunnings Australia and New Zealand (BANZ) achieved total sales growth of 11.5 per cent during the quarter, with strong execution against BANZ’s strategic agenda continuing to deliver growth across all market segments.
“Bunnings United Kingdom and Ireland (BUKI) total sales decreased 17.5 per cent (13.8 per cent in local currency terms) as difficult trading conditions persisted for Homebase. The rollout of the Bunnings Warehouse pilot stores continued, with eight pilot stores trading during the quarter, delivering early encouraging results.
Download the full trading statement below.
Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.
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