Wesfarmers Provided Update on the Impact of COVID-19, Bunnings and Officeworks Reported Sales Growth

April 28, 2020 12:16 PM AEST
Team Kalkine

Wesfarmers Limited (ASX:WES) provided an update on the impact of COVID-19 pandemic on retail trading, and the continuing actions being taken across the Group to support team members and customers and further strengthen the Group’s balance sheet.

As the customers with their families spent more time working, learning and relaxing at home, the Company experienced considerable demand growth in Bunnings and Officeworks over previous two months.

Consequently, sales growth in its Bunnings and Officeworks for the Q3 FY2020 and the first three weeks of April has risen relative to levels achieved in the first half of the financial year.

Disclaimer

The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.