Australia's Wesfarmers slips as interim segment sales miss estimates

WESFARMERS

19/02/2026 24:13

** Shares of Wesfarmers WES.AX fall as much as 6.1% to A$83.85, hitting their lowest level since February 4

** Stock marks its worst intraday trading session since October 30

** Wesfarmers, Australia's biggest non-food retailer, says most segment sales miss consensus estimates

** Hardware retailer Bunnings, which is Wesfarmers' top-performing division, saw its first six weeks of 2H sales rise 4%, missed VA consensus of growth of 6% - Jefferies

** However, co beats first-half profit estimates, posts a 9.3% rise in half-year NPAT to A$1.60 billion ($1.13 billion)

** Declared interim dividend of 102 Australian cents per share

** YTD, stock up 6.6%, including the day's moves

($1 = 1.4198 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))