Wesfarmers shares fall as high living costs impact second half sales growth

Wesfarmers shares fell today as high living costs slowed retail growth. Despite a record first-half profit, cautious consumer spending hit market confidence.

洞察:
Wesfarmers, also identified as Western Midstream Partners, LP , reported a weaker-than-expected start to the second half of the financial year on February 19, 2026. Following the announcement, the company’s shares fell by as much as 6.1% in AU AUAU, marking the largest one-day decline since late October 2025. This downturn is attributed to intensifying cost-of-living pressures and rising operating expenses, which have begun to dent retail earnings at the conglomerate.
An employee of Bunnings, part of the Wesfarmers retail conglomerate, walks down an aisle at a store in Sydney, Australia, on February 17, 2022. REUTERS/Stephen Coates
An employee of Bunnings, part of the Wesfarmers retail conglomerate, walks down an aisle at a store in Sydney, Australia, on February 17, 2022. REUTERS/Stephen Coates
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