Wesfarmers (ASX:WES) Down About 13% Over a Year: Reviewing the Slide and What Lies Ahead

Sonal Goyal

25 October 2026 10:30 AM AEDT

Wesfarmers (ASX:WES) Down About 13% Over a Year: Reviewing the Slide and What Lies Ahead

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Key Highlights

Wesfarmers (ASX:WES) closed at A$80.29 on 23 October 2026, up 3.76% on the day and approximately 13% lower over a year.
FY26 revenue was $47,274 million, with NPAT of $2,874 million.
Total fully franked ordinary dividends for FY26 were $2.22 per share.

Wesfarmers Ltd (ASX:WES) closed at A$80.29 on 23 October 2026, up 3.76% (A$2.91) on the day, although the shares are approximately 13% lower than they were a year ago. Wesfarmers is a diversified Australian group with interests in home improvement, general merchandise, office supplies, chemicals and health. Its latest results were released on 27 August 2026, and the 23 October move has not been linked to that release.

About Wesfarmers

Wesfarmers operates Bunnings Group, Kmart Group, Officeworks, WesCEF (chemicals, energy and fertilisers, including lithium) and Wesfarmers Health. Blackwoods and Workwear Group moved into Bunnings Group from 1 July 2026.

Latest development: FY26 results (27 August 2026)

Wesfarmers reported revenue of $47,274 million, up 3.4%, and EBIT of $4,493 million, up 0.6% (up 7.3% excluding prior-year significant items). NPAT was $2,874 million, down 1.8% on a reported basis and up 8.3% excluding significant items, and operating cash flow of $4,272 million was down 6.5%.

Among divisions, Bunnings EBIT rose 5.1% to $2,455 million, Kmart Group EBIT rose 6.0% to $1,109 million, WesCEF EBIT rose 18.5% to $473 million, Wesfarmers Health EBIT rose 18.8% to $76 million and Officeworks EBIT fell 22.2% to $165 million. The final dividend was $1.20 per share, bringing the total to $2.22, up 7.8%.

Risks to weigh

The company cited cost-of-living pressures, uncertainty around inflation, house prices, interest rates and tax, and subdued residential building activity in the short term. Officeworks earnings fell, operating cash flow declined, and the lithium refinery ramp-up was affected by odour issues.

What lies ahead

Items to watch include the integration of Blackwoods and Workwear Group into Bunnings, the lithium refinery ramp-up, Officeworks' transformation and the next trading update.

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