Wesfarmers Ltd

WES: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$75.90	Rrcw	Jgrnvnln

Wesfarmers Resolutely Addresses Underperforming Discount Department Store Target

Johannes Faul

May 24, 2020

Business Strategy and Outlook

Wesfarmers is Australia's best-known conglomerate. Activities span discount department stores, office supplies, hardware/home improvement, liquid petroleum gas manufacture and distribution, industrial and medical gases, industrial and safety supplies, chemicals, and fertilisers. Business interests can be divided into two broad groups: retail and industrial. Wesfarmers employs more than 100,000 people across Australia and New Zealand.

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