Business
Is the Wesfarmers (ASX:WES) share price a buy? // Motley Fool Australia
The Wesfarmers Ltd (ASX: WES) share price was a strong performer on Thursday.
The conglomerate’s shares climbed a solid 2.5% to $48.78.
This leaves the Wesfarmers share price trading within a whisker of its record high.
Why did the Wesfarmers share price climb higher?
Investors were buying Wesfarmers shares yesterday following the release of a trading update ahead of its virtual annual general meeting.
That update revealed that the majority of the company’s businesses have delivered strong sales growth so far in FY 2021.
The company’s biggest business – Bunnings – has been a key highlight during the first four months of the new financial year.
The Bunnings business has delivered a 25.2% increase in sales over the prior…
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