Wesfarmers

Wesfarmers sales results for the first quarter of the 2012/3 financial year, released on Thursday, were broadly in line with expectations. Coles saw a 3.7% rise in same-store food and liquor sales over the quarter, beating Woolworths (2.3% growth) for the 13th consecutive quarter. However the gap narrowed somewhat from 1.7 to 1.4 percentage points. Liquor was again the main disappointment for Coles, representing a drag on total food and liquor sales of ‘just under 1%’ according to management. However, work continues on improving the performance, with 6 new liquor stores opening during the period and 10 stores being...

Wesfarmers sales results for the first quarter of the 2012/3 financial year, released on Thursday, were broadly in line with expectations. Coles saw a 3.7% rise in same-store food and liquor sales over the quarter, beating Woolworths (2.3% growth) for the 13th consecutive quarter. However the gap narrowed somewhat from 1.7 to 1.4 percentage points.

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