Wesfarmers Shares Have Jumped On Improved Sales At Coles

Getty/ Ian Waldi

Wesfarmers shares jumped after it announced strong sales results for Coles, Bunnings and Officeworks for the quarter to the end of September.

Its shares were up 1.29% to $43.91.

Coles headline food and liquor sales increased 5.8% to $7.303 billion but convenience stores were down 2.3% to $1.946 billion.

Bunnings was up 11% to $2.218 billion and Officeworks 8% to $403 million.

Kmart was up 2.9% to $998 million but Target declined 4.6% to $753 million.

“Our retail divisions remain focused on delivering increased value to our customers and preparations for the Christmas trading period are well progressed,” says managing director Richard Goyder.

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