Bunnings Australia & New Zealand deliver another strong quarter

Total sales for the quarter were $3.0 billion, up 8.9 per cent on the prior corresponding period. Total store sales for the quarter increased 9.1 per cent, while store-on-store growth was 7.7 per cent. Growth was achieved in all trading regions and across all product categories.

For the financial year to date, total sales increased 9.6 per cent to $9.6 billion. Total store sales grew 9.8 per cent for the year to date8, while store-on-store growth was 8.6 per cent.

Bunnings Group Managing Director Michael Schneider said that the results for BANZ were pleasing, reflecting good progress against the strategic agenda as well as favourable seasonal conditions in a number of markets. In particular, strong growth was achieved in the plants, garden care and outdoor living categories.

“We remain focused on delivering on all parts of our strategic agenda, with particular focus on providing greater value and better experiences to customers,” Mr Schneider said.

During the quarter, five warehouses, one smaller format store and one trade centre were opened. A further 17 sites were under construction at the end of March 2018, including conversions of six former Masters stores that are scheduled to open in the fourth quarter.

Source: Insight DIY Team & Wesfarmers press release