Is the Wesfarmers share price a buy? Here’s my view
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The Wesfarmers Ltd (ASX: WES) share price has dropped approximately 14% since 28 August 2024.
When great businesses like Wesfarmers fall in price, I get more excited about investing.
Arguably, Wesfarmers’ valuation may have gotten a little ahead of itself in August. However, at this lower valuation, I think the company is looking more reasonable following its annual general meeting (AGM) update, which revealed more growth.
Wesfarmers told the market how its key businesses (such as Kmart, Bunnings and Officeworks) have performed in the 2025 financial year to date.
Let’s reflect on the company’s recent performance before I get to my views on the business.
AGM sales recap
Wesfarmers said its everyday low…
