Wesfarmers Shares Drop as CEO Says Inflation Hitting Buyers


Shares in the group, which also produces lithium and industrial products, closed down 5.6% in Sydney on Thursday, the biggest drop since Oct. 30. Kmart Australia Ltd. and Bunnings Group, which make up the lion’s share of Wesfarmers’ revenue, brought in A$17 billion ($12 billion) in the six months through December, below estimates.



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