The Australian conglomerate that owns Coles, Officeworks and Bunnings, Wesfarmers
(ASX:WES) has seen a 9.5 per cent fall in its Coles Express sales in the first quarter of the 2018 financial year (compared to the prior corresponding period), on the back of a drop in fuel sales.
At the same time, its Officeworks sales grew 7.8 per cent, while food and liquor sales grew by 1.5 cent.
Locally, Bunnings Australia and New Zealand saw sales surge 11.5 per cent. While its UK and Ireland Bunnings experienced a 17.5 per cent fall in sales, on the back of difficult trading conditions .
As for its coal production, it rose over the rolling 12 months, while steaming coal fell at both its Curragh and Bengalla mines on the quarter.
Shares in Wesfarmers
(ASX:WES) closed 0.12 per cent lower yesterday at $42.73.
