Wesfarmers: 1Q sales

Bunnings and Kmart were the standouts, but Coles’ sales growth and its implications for Woolworths garnered the most attention.

Wesfarmers reported first quarter sales for its retail businesses today. All eyes were on Coles to see whether it has taken share from Woolworths during the period. Same-store (or ‘comparable’) sales for the food and liquor business were up 3.6% over the quarter, perhaps a little higher than expected.

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