Brief: Wesfarmers Posts FY Adjusted Net Income Of A$2,874 Million
BRIEF-Wesfarmers Posts FY Adjusted Net Income Of A$2,874 Million Aug 27 (Reuters) - 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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