Wesfarmers Keeps Bull as Bunnings Targets Productivity -- Market Talk

Dow Jones

Mar 28, 2025

2309 GMT - Wesfarmers' focus on driving space productivity from its Bunnings hardware stores helps support the stock's continued buy rating at Goldman Sachs. Goldman analysts are positive on management's expansion into categories including pets and automotive, which are accretive in terms of sales and gross profit per square foot of floor space. They tell clients in a note that Bunnings management are cognizant of the fact that sales at U.S. hardware peers are between 1.5 and 2.1 times higher on a per square foot basis. Management thinks that this represents a double-digit growth opportunity, they add. Goldman has a target price of A$80.40 on the stock, which is at A$72.12 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 27, 2025 19:09 ET (23:09 GMT)

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Goldman analysts are positive on management's expansion into categories including pets and automotive, which are accretive in terms of sales and gross profit per square foot of floor space. They tell clients in a note that Bunnings management are cognizant of the fact that sales at U.S. hardware peers are between 1.5 and 2.1 times higher on a per square foot basis. Management thinks that this represents a double-digit growth opportunity, they add. Goldman has a target price of A$80.40 on the stock, which is at A$72.12 ahead of the open. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 27, 2025 19:09 ET (23:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wesfarmers Keeps Bull as Bunnings Targets Productivity -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWesfarmers Keeps Bull as Bunnings Targets Productivity -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-28 07:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2309 GMT - Wesfarmers' focus on driving space productivity from its Bunnings hardware stores helps support the stock's continued buy rating at Goldman Sachs. Goldman analysts are positive on management's expansion into categories including pets and automotive, which are accretive in terms of sales and gross profit per square foot of floor space. They tell clients in a note that Bunnings management are cognizant of the fact that sales at U.S. hardware peers are between 1.5 and 2.1 times higher on a per square foot basis. Management thinks that this represents a double-digit growth opportunity, they add. Goldman has a target price of A$80.40 on the stock, which is at A$72.12 ahead of the open. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 27, 2025 19:09 ET (23:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WFAFY","symbol_name":"Wesfarmers Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522559677","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522559677","pubTimestamp":1743116940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2309 GMT - Wesfarmers' focus on driving space productivity from its Bunnings hardware stores helps support the stock's continued buy rating at Goldman Sachs. Goldman analysts are positive on management's expansion into categories including pets and automotive, which are accretive in terms of sales and gross profit per square foot of floor space. They tell clients in a note that Bunnings management are cognizant of the fact that sales at U.S. hardware peers are between 1.5 and 2.1 times higher on a per square foot basis. Management thinks that this represents a double-digit growth opportunity, they add. Goldman has a target price of A$80.40 on the stock, which is at A$72.12 ahead of the open. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WFAFY":"Wesfarmers Ltd.","WES.AU":"WESFARMERS LTD"},"translate_title":"西农集团保持牛市，邦宁斯瞄准生产力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WES.AU":0.9,"WFAFY":0.9},"content_text":"2309 GMT - Wesfarmers' focus on driving space productivity from its Bunnings hardware stores helps support the stock's continued buy rating at Goldman Sachs. Goldman analysts are positive on management's expansion into categories including pets and automotive, which are accretive in terms of sales and gross profit per square foot of floor space. They tell clients in a note that Bunnings management are cognizant of the fact that sales at U.S. hardware peers are between 1.5 and 2.1 times higher on a per square foot basis. Management thinks that this represents a double-digit growth opportunity, they add. Goldman has a target price of A$80.40 on the stock, which is at A$72.12 ahead of the open. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 27, 2025 19:09 ET (23:09 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}