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Wesfarmers Limited (ASX:WES)

ALERT: Price-sensitive ASX Announcement for WES
Current share price for WES : $89.360 9.37 (11.71%)+
Announcement
Release
10 Jun 2026 7:30AM
Price at Release
$79.990
Full Release
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Summary
Wesfarmers Limited presented its 2026 Strategy Briefing Day, emphasizing its focus on maintaining price leadership by investing in its low-cost operating model. The company plans to leverage digitisation and AI to drive revenue and productivity, expand its addressable market through store format innovation, and transform its supply chain. The strategy includes accelerating digital initiatives and expanding Anko stores. Officeworks aims to optimize costs and enhance its customer value proposition. The company is committed to becoming a low-cost operator, creating omnichannel experiences, and investing in lithium projects under WesCEF. Sustainability efforts are highlighted with a goal to achieve interim 2030 decarbonisation targets.
Key Points
  • Focus on maintaining price leadership through investment in low-cost operating model.
  • Digitisation and AI driving significant revenue and productivity opportunities.
  • Growing addressable market through store format innovation and supply chain transformation.
  • Expansion of Anko stores and digital acceleration initiatives.
  • Officeworks strategy includes right-sizing cost base and enhancing the CVP.
  • Focus on becoming low-cost operator and creating inspiring omnichannel experiences.
  • Investment in lithium projects and production capacity expansion in WesCEF.
  • Commitment to sustainability and achieving interim 2030 decarbonisation targets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.