Wesfarmers Limited

24 August 2023

🧠 Business Model (Expanded) Wesfarmers operates as a diversified conglomerate with key businesses in: • Retail: Bunnings, Kmart, Officeworks • Chemicals & Energy • Health care & insurance

💰 Financials (FY22–23) • Revenue: AUD $43.6B • Net Profit: AUD $2.47B • ROCE: ~13.5%

🧩 Strategy (Expanded) • Operational excellence in retail • Strong market share in hardware and chemicals • Emerging focus on health and insurance sectors

🧠 Founder POV Retail is unsexy until you master it.

⚖️ Takeaway Smart capital allocation leads to growth that’s both steady and sustainable.

📎 Disclaimer: Not investment advice.