26 April 2018
2018 Third Quarter Retail Sales Results
Wesfarmers Limited today announced its retail sales results for the third quarter of the 2018 financial year.
Managing Director Rob Scott said the sales performance of the Group’s retail divisions was pleasing, with most businesses demonstrating improved sales momentum in the quarter.
“Bunnings Australia and New Zealand (BANZ) delivered another strong quarter, with total sales growth of 8.9 per cent, through continued focus on delivering increased value and better experiences to customers.
“For Bunnings United Kingdom and Ireland (BUKI), better execution and improved trading results in the early part of the quarter were offset by unusually poor weather in March 2018, resulting in a decline in total sales of 6.5 per cent (13.5 per cent in local currency terms) for the quarter.
“Sales momentum in Coles continued to improve during the quarter, with headline food and liquor sales growth of 1.9 per cent, as the business remained focused on providing customers with the best possible value, service and quality.
“Kmart’s total sales growth accelerated to 10.2 per cent reflecting strong growth in customer transactions and units sold as a result of continued focus on price leadership. Target continued its reset of product, price and range, resulting in a decline in total sales of 2.0 per cent during the quarter.
“Officeworks delivered total sales growth of 7.2 per cent as its ‘every channel’ strategy continued to deliver strong sales growth across stores and online.”