It’s enough to make you think you’re seeing things. Could earnings at Bunnings, a titan of Australian retail and the flagship of the Wesfarmers fleet, really go backwards?
Welcome to the crazy world of the COVID-19 crisis. Bunnings’ earnings in the December half fell 1.2 per cent to $1.3 billion as a combination of pandemic-related trading restrictions, increased COVID-19 costs, supply chain disruptions and margin pressures hit the hardware giant.