BUNNINGS
KMART
TARGET
OFFICEWORK
BUNNINGS
Community friendly: $2 sausage sizzle - $39 million for 2019 FY
BWP Trust (ASX: BWP)
Gets rental income from Bunnings
TARGET
75 Target stores closed
92 converted to Kmart
1,000-1,300 redundancies
"With Wesfarmers' acquisition of Catch Group, which operates an online business model offering branded products on a first-party basis and a third-party online marketplace, Mr Walker said there may be a chance for Target to continue in a virtual retail space."
2020 FY Result
Net profit after tax (NPAT): 8% to $2.1B, BUT taking out discontinued operation (i.e. Cole) profit fell to 69% to $1.7B
Revenue: 11% growth to $30.8B with online sales roaring up 60% due to COVID19
EBITDA: -0.3% to $2.9B, with Bunnings and Officeworks driving revenue & Kmart and industrial and chemical firms saw earning drag
Bunnings make up the bulk of group earnings - grew to 14% (due to home renovation soaring to all time high)
Final dividend: $0.77 per share (meaning if you buy WES shares before 25th Aug you will be entitled to the upcoming $0.77 per div payable on the 1sth Oct)
Special dividend: $0.18 per share for the sale of Coles
Full year payout: $1.52 per share
19/09/2020
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