Australia's Wesfarmers falls on weaker FY sales outlook despite profit beat

WESFARMERS

27/08/2026 01:54

** Shares of Wesfarmers WES.AX fall as much as 2.5% to A$81.16, hitting their lowest level since June 10
** Stock set for weakest intraday trading session since August 21
** Australia's biggest non-food retailer says sales growth at Bunnings, its home improvement products unit, is slightly stronger in the first seven weeks of FY2027 compared with the 3.9% rise in the second half of FY26
** However, the sales growth falls short of a Visible Alpha estimate of 4.8% rise for the first half of FY2027, according to analysts at Jefferies
** Expects net capex between A$1.30-A$1.50 bln for FY2027, higher than VA consensus estimate of A$1.07 bln ($767.94 mln)
** However, co posts 8.3% rise in FY NPAT excluding significant items to A$2.87 bln
** Declares final dividend of A$1.20 per share
** Stock up 2.9% YTD, including the session's moves

($1 = 1.3933 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))