So far, this year at the most significant earnings generator hardware giant Bunnings, is continuing to see positive sales growth, on a one-year and two-year basis. Sales at Officeworks were in line with the prior year, Wesfarmers said on Friday.
Revenue gained 8.5 per cent to $36.838 billion, lower than consensus estimates. Earnings before interest and tax fell to $3.633 billion from $3.776 billion a year ago.As a result of the bounce back in the second-half results, Wesfarmers directors decided to pay a final fully franked dividend of $1 per share, bringing total fully franked ordinary dividends to $1.80 per share, up 1.1 per cent on the prior year.
“In the second half of the year, Wesfarmers delivered strong NPAT growth of 13.1 per cent excluding significant items in the prior period, with trading conditions improving as restrictions were eased,” he said.Mr Scott said Bunnings continued to demonstrate the resilience of its operating model and ability to deliver growth through a range of market conditions, while Wesfarmers Chemicals, EnergyThe hardware giant’s revenue increased 5.2 per cent to $17.
Officeworks’ revenue increased 4.6 per cent for the year to $3,169 million. Earnings of $181 million were 14.6 per cent lower than the prior year.