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WES — WESFARMERS News Story

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Brief: Wesfarmers Posts FY Adjusted Net Income Of A$2,874 Million

BRIEF-Wesfarmers Posts FY Adjusted Net Income Of A$2,874 Million

- WESFARMERS Limited WES.AX:

  • FY ADJUSTED NET INCOME AUD 2,874 MILLION

  • FY REVENUE AUD 47,274 MILLION VERSUS. IBES ESTIMATE AUD 47,203 MILLION

  • FINAL DIVIDEND A$1.20 PER SHARE

  • REMAINS WELL POSITIONED TO DELIVER SATISFACTORY RETURNS TO SHAREHOLDERS OVER THE LONG TERM

  • WHILE AUSTRALIAN CONSUMER DEMAND REMAINS RESILIENT, COST OF LIVING PRESSURES CONTINUE TO AFFECT MANY HOUSEHOLDS ACROSS THE ECONOMY

  • RECOGNISES IMPACT OF ONGOING INFLATION ON HOUSEHOLDS AND BUSINESSES

  • FOR FIRST 7 WEEKS OF FY27, BUNNINGS’ SALES GROWTH SLIGHTLY STRONGER COMPARED TO 2HFY26

  • AUSTRALIAN CONSUMER DEMAND REMAINS RESILIENT, COST OF LIVING PRESSURES CONTINUE TO AFFECT MANY HOUSEHOLDS

  • EXPECTS NET CAPITAL EXPENDITURE OF BETWEEN A$1,300 MILLION AND A$1,500 MILLION FOR 2027 FINANCIAL YEAR

  • UNCERTAINTY REGARDING OUTLOOK FOR INFLATION, HOUSE PRICES, INTEREST RATES, TAX SETTINGS AFFECTING CONSUMER SENTIMENT

  • HIGHER COSTS OF DOING BUSINESS, DRIVEN BY ELEVATED LABOUR, ENERGY AND SUPPLY CHAIN COSTS, EXPECTED TO PERSIST IN 2027 FINANCIAL YEAR

  • BUNNINGS OUTLOOK: REMAINS WELL POSITIONED TO DELIVER SUSTAINABLE LONG-TERM GROWTH

  • BORROWING COSTS ARE EXPECTED TO BE HIGHER FOR 2027 FY

  • BUNNINGS OUTLOOK: RESIDENTIAL BUILDING ACTIVITY IS EXPECTED TO REMAIN SUBDUED IN THE SHORT TERM

Further company coverage: WES.AX


((Reuters.Briefs@thomsonreuters.com;))

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