Bunnings drives Wesfarmers results

Bunnings2Wesfarmers’ third quarter retail results has seen sales growth across its businesses, with Bunnings and Coles Liquor performing strongly.

Wesfarmers owns and operates the Kmart and Bunnings retail brands in New Zealand. Bunnings sales were up 11 per cent to $2.6 billion, with store-on-store growth of 8.3 per cent.

Bunnings group chief executive officer, John Gillam, said that the Bunnings Australia and New Zealand business delivered pleasing sales growth, building on positive momentum and taking advantage of good trading conditions.

“Ongoing investments in service and value continue to generate favourable customer responses,” Gillam said.

Wesfarmers did not announce results for its recently acquired Homebase business in the UK, noting there was, ‘no meaningful comparable information for the 33 days of ownership’.

Kmart lifted sales 17.9 per cent through strong demand for clothing and homewares. Even stripping out the boost from Easter, comparable store sales improved 12.3 per cent.

Beyond Bunnings and Kmart, Coles Liquor and Officeworks were the key drivers behind Wesfarmers’ strong third quarter retail results.


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