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Wesfarmers sprays growth bets, waiting for payoff

Wesfarmers’ hefty businesses proved their resilience in the pandemic. Now, with shares breaking $65 for the first time, Rob Scott needs us to think about growth. 

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Wesfarmers’ hefty businesses proved their resilience in the pandemic. Now, with shares breaking $65 for the first time, chief executive Rob Scott needs us to think about growth.

So, at Wesfarmers’ annual trip east to Sydney for its investor day on Thursday, Scott started by talking about growth, had his business heads talk about growth, and had 57 mentions of “growth” in a 95-page slide deck accompanying the event.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/wesfarmers-sprays-growth-bets-waiting-to-hit-targets-20240430-p5fnve