Wesfarmers: Trading well despite some disruptions

By Alex Lu

12 November 2020, 12:00 AM

Wesfarmers' (ASX:WES) trading update overall for October YTD was better than we expected. Bunnings and Officeworks were particularly strong with Catch also maintaining good momentum. LFL sales at Kmart and Target were solid, boosted by very strong online growth, although total sales were adversely impacted by government-mandated store closures in Melbourne.

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Adairs: Tough crowd

By Josephine (Jo) Little

27 October 2020, 3:15 PM

All sales trends showed an acceleration from the August trading update, persisting at elevated levels. Despite a pretty exceptional update and material EPS upgrades, the share price declined.

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