Wesfarmers (WES) Bunnings Up 4.7% For Third Quarter

Wesfarmers Ltd. owns retail chains, operates mines, writes insurance, manufactures and distributes industrial products, manufactures fertilizers and chemicals, and distributes liquefied petroleum gas and medical and industrial gases.

Blue chip stock Wesfarmers said today at a strategy briefing that third-quarter sales at its Bunnings home improvement stores were up 4.7% on year.

The company also said that comparable store growth for Bunnings climbed 2.6% over the same period.

Wesfarmers’ Officeworks chain sales in the third quarter were up 2.5%.

Management said market conditions remained challenging, with competitive pressure on sales and margins and concerns about consumer sentiment continuing.