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Wesfarmers Limited (ASX:WES) has recorded a moderate rise in first quarter sales across its retail divisions.
The conglomerate’s flagship Coles lifted total first quarter sales by 4.2 per cent to $8.4 billion, while Bunnings increased total quarterly store sales by 5.1 per cent.
Officeworks defied a subdued trading environment to post an increase in online sales growth.
CEO Richard Goyder says the sales results are pleasing with transaction growth exceeding sales growth in each of the group’s retail divisions.
Target and Kmart also achieved slight increases in total first quarter sales.
Wesfarmers reported a net profit of $2.1 billion in the 2012 financial year.
News: Wesfarmers boosts Q1 retail sales
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