Diversified industrialist Wesfarmers
(ASX:WES) has today released its retails sales results for Q3, 2014.
Managing Director Richard Goyder said Bunnings and Officeworks were highlight performers for the period with a solid result delivered by Coles. Coles business lifted by 3.9 per cent whilst Bunnings reported an increase of 12.3 percent and Officeworks a lift of 6.7 per cent compared to the same period in 2013.
Target revenue dropped 3.6 per cent on the back of internal transformation of the business whilst Kmart’s total sales slipped 0.4 percent.
Wesfarmers delivered a net profit of $1.4B for the half year ended 31 Dec 2013
