Company Interview / Wesfarmers' warning on weak Aussie after solid report

Wesfarmers (ASX:WES) has reported a 3% rise in net profit to $1.5B, with revenue up 3.6% to $23.5B. CEO Rob Scott highlights strong retail performance from Bunnings and Kmart despite economic challenges, noting ongoing cost pressures due to labour, energy, and supply chain issues, anticipating potential inflation due to the weak Australian dollar.

Wesfarmers (ASX: WES) aims to keep prices low, focusing on productivity initiatives and sustaining value for consumers across its brands, such as Bunnings and Kmart. International expansion is underway for Anko, with trial stores in the Philippines and partnerships in Canada, France, and beyond.

Scott addresses Wesfarmers' digital journey, surpassing challenges in the competitive landscape and preparing for growth in pet care, pharmacy, and online sectors.