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Wesfarmers' Outlook Commentary Suggests Solid Start to Fiscal 2027, Jarden Says

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Wesfarmers' (ASX:WES) fiscal 2026 result was good and clean, in line with Jarden's estimates, and outlook commentary suggests a solid start to fiscal 2027, Jarden said in a Thursday note.

The firm's fiscal 2026 revenue of AU$47.27 billion was up around 4% year-over-year, and beat Jarden's estimate by around 1%. It was in line with consensus expectations. Earnings before interest and taxes came in at AU$4.49 billion, up around 7% year-over-year and roughly in line with Jarden, and around 1% above consensus expectations.

The positive trading update from Bunnings is better than expected, Kmart is in line, and Officeworks is a touch softer. Bunnings sales growth was slightly higher in the fiscal 2027 first half than in the fiscal 2026 second half due to drier weather.

The brokerage assigned it a neutral rating with a price target of AU$79.30 per share.

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