Wesfarmers (ASX: WES) $49.35
WES +1.33% : A solid result today from Wesfarmers with revenue up 27% Y/Y to $22.6bn which was above consensus of $20.5bn, driving a ~9% beat to earnings before tax (EBT) while they declared a 1H23 dividend of 88cps. The result was driven by Kmart as consumers traded down, while their Chemical, Energy & Fertilizer business was also strong. Bunnings produced $1.3bn EBT – up 1.5% and inline with expectations while Catch & Office Works were light on. They said retail trade for the 1st 5wks was broadly in-line with 1H23 growth, which is a good outcome. No guidance was provided which is customary for WES, however, the market is expecting FY23 revenue of $40.42bn and FY EBT of $3.76bn. Given they produced $2.1bn in 1H23, there is some slight deterioration already priced in by the market.
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- Ann: 2023 Half-year Report incorporating Appendix 4D
Ann: 2023 Half-year Report incorporating Appendix 4D, page-32
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$68.57 |
Change
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Mkt cap ! $77.77B |
Open | High | Low | Value | Volume |
$67.60 | $68.88 | $67.51 | $107.7M | 1.572M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 11951 | $68.56 |
Sellers (Offers)
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$68.60 | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 12 | 68.500 |
2 | 179 | 68.250 |
1 | 22 | 68.000 |
1 | 11 | 67.500 |
1 | 8 | 67.330 |
Price($) | Vol. | No. |
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68.600 | 100 | 1 |
68.850 | 197 | 1 |
68.880 | 2718 | 3 |
68.900 | 1846 | 2 |
68.950 | 1015 | 2 |
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