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Reporting Season - 29 August
Companies covered: Wesfarmers (WES), Qantas (QAN), South32 (S32)
Stocks discussed:
- Wesfarmers (ASX: WES): FY profit up 3.7%, boosted by strong sales across Bunnings and Kmart but warns sales growth at Bunnings in the first eight weeks of FY25 has weakened from the second half of fiscal 2024
- Qantas Airways (ASX: QAN): Annual profit slides 28% due to a moderation in air fares, no dividend declared for a fifth straight year but announces a further AU$400mln share buy-back plan
- South32 (ASX: S32): FY net loss widens on the back of impairment expenses, with revenue down 3% and a final dividend of 3.1 US cents declared.