Wesfarmers Earnings: Challenging Year Ahead for Retail Operations
Wesfarmers' underlying net profit after tax increased by 8% to AUD 2.9 billion in fiscal 2026. The conglomerate's two largest segments, Bunnings and Kmart, underpinned the result, as did higher lithium prices. Heading into fiscal 2027, Kmart and lithium earnings are under pressure. Shares fell 5%.