Kmart and Bunnings' parent company posts profit growth

‘We’re not out of the woods yet’: Kmart owner says rate cut not enough to entice shoppers

Although consumers continue to flock to Kmart in search of better deals, Wesfarmers CEO has warned uncertainty over interest rates means the retail giant is “not out of the woods yet”.

Kmart and Bunnings' parent company posts profit growth

Wesfarmers, the parent company of Kmart and Bunnings, has revealed an increase in profits for the first half of the financial year despite ongoing pressures...

2.9% H1 FY25 profit rise for Kmart and Bunnings' owner, Wesfarmers

Australian conglomerate Wesfarmers has posted a net profit after tax of A$1.46bn ($0.927bn) in the first half of fiscal 2025.The post 2.9% H1 FY25 profit rise for Kmart and Bunnings’ owner, Wesfarmers appeared first on Retail Insight Network.

Kmart and chemicals (not Bunnings) powers Wesfarmers result

Wesfarmers (ASX:WES) delivered a solid set of half-year results for financial year 2025, exceeding market estimates at the earnings-before-tax (EBT) level and marginally at the top line. Strong performances by Kmart and WesCEF (chemicals, energy and fertilisers) drove the positive surprise, while Bunnings met expectations. A closer look at the numbers Wesfarmers generated total revenue of $23.49 billion in the first half of financial year 2025, …

The Reject Shop posts double-digit profit growth as sales improve

The Reject Shop has reported increases in both sales and profit for the fiscal first half. The company’s sales rose 2.9 per cent year-on-year to $471.7 million while comparable store sales were up 1.5 per cent. Management said the sales uplift was driven by higher basket counts and customer transactions, with growth recorded for both general merchandise and consumables products. Pre AASB 16 earnings before interest and tax increased 16.2 per cen…