Australia's Wesfarmers shares slide despite forecast-beating $1.1 billion profit [Yahoo! Finance Canada]
WESFARMERS LTD UNSP/ADR (WFAFY)
NASDAQ:AMEX Investor Relations:
wesfarmers.com.au/investor-centre
Company Research
Source: Yahoo! Finance Canada
Feb 19 (Reuters) - Wesfarmers, Australia's biggest non-food retailer, on Thursday warned of uneven consumer spending as its second-half sales growth missed expectations, sending its ?shares down by their most in over three months despite a forecast-beating first-half profit. Wesfarmers, which ?owns the country's most popular hardware chain Bunnings, and discount retailer Kmart, posted a 9.3% rise in its interim net profit ?after tax to A$1.6 billion ($1.13 billion), beating the Visible Alpha consensus estimate of A$1.56 billion. CEO Rob Scott said consumer demand had been "solid" so far for the second half, with sales in line with the first half, but higher costs were weighing on consumers unevenly. He warned the uncertain outlooks for inflation and interest ?rates were also affecting consumer sentiment ?and spending. "Inflation is arguably one of the major challenges for the Australian economy because it is impacting the cost of living," he told reporters. "The problem wit
Show less
Read more
Impact Snapshot
Event Time:
WFAFY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WFAFY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WFAFY alerts
High impacting WESFARMERS LTD UNSP/ADR news events
Weekly update
A roundup of the hottest topics
WFAFY
News
- Wesfarmers CEO: Growth outlook remains positive despite pressure on households [CNBC]CNBC
- Wesfarmers Limited (ASX:WES) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap? [Yahoo! Finance]Yahoo! Finance
- We Like Wesfarmers' (ASX:WES) Returns And Here's How They're Trending [Yahoo! Finance]Yahoo! Finance