ASX:WESMultiline Retail
Is Wesfarmers’ High ROE and Global Anko Push Broadening Its Earnings Base (ASX:WES)?
Wesfarmers recently highlighted a high 31.2% return on equity, while Kmart’s Anko brand and Wesfarmers Health accelerated their international and healthcare expansion plans across markets including Canada, the US, the Philippines and the Priceline network.
This combination of strong capital efficiency and diversified growth initiatives in retail and healthcare points to an increasingly broader earnings foundation for the group.
We’ll now examine how Wesfarmers’ strong return on equity...