Wesfarmers (ASX:WES) share price is on fire, up 3% to reach all-time high

The Wesfarmers Ltd (ASX: WES) share price reached an all-time record high today, touching $51.29 this afternoon before retreating slightly to $51.12, up 3.09% at the time of writing.

The company’s share price has been on fire since March, when it fell to a 52-week low of $29.75 during the height of the coronavirus pandemic.

The shares have since rebounded strongly and steadily, gaining more than 70% from the March lows.

What’s been driving the Wesfarmers share price?

The Wesfarmers conglomerate has performed well this year despite pandemic-related challenges, with the company announcing in November that sales continued to grow in fiscal-year 2021 after a strong second-half in 2020.

At the time, the company reported that its…