Wesfarmers Ltd (ASX: WES) shares are pushing higher today.
Shares in the diversified S&P/ASX 200 Index (ASX: XJO) retailer – whose subsidiaries include Bunnings Warehouse, Kmart Australia, Officeworks, and Priceline – closed yesterday trading for $90.91. As we head into the Friday lunch hour, shares are swapping hands for $91.61 apiece, up 0.8%.
For some context, the ASX 200 is up 0.3% at this same time.
Today's outperformance is part of the course for Wesfarmers shares, which are up 32.4% since this time last year, racing ahead of the 11.0% gains delivered by the benchmark index over this same time.
And that's not including the $2.06 in fully franked Wesfarmers dividends eligible investors will have received (or shortly will) over the full year. The final dividend of $1.11 a share will be paid on 7 October. Wesfarmers shares traded ex-dividend on Tuesday, 2 September.
As you're likely aware, Wesfarmers reported some solid full-year FY 2025 results last week, on 28 August.
But with the ASX 200 stock already up more than 32% in a year, is Wesfarmers a good buy today?
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Wesfarmers shares: Buy, hold, or sell?
Sanlam Private Wealth's Remo Greco recently ran his slide rule over Wesfarmers (courtesy of The Bull).
"The diversified industrial conglomerate and owner of the Bunnings hardware giant, Kmart Group and Officeworks is a consistent and reliable performer as shown by its full year 2025 results," he said of Wesfarmers shares.
Digging into those results, Greco said:
WES revenue of $45.7 billion was up 3.4% on the prior corresponding period. Net profit after tax of $2.926 billion was up 14.4%. Bunnings, Kmart and Officeworks delivered sales growth. The company declared a final and fully franked dividend of $1.11 a share. It also announced a proposed capital management initiative of $1.50 a share.
But Greco isn't ready to pull the trigger just yet. He noted, "The outlook is positive," with a hold recommendation on the stock.
What's ahead for the ASX 200 conglomerate?
Looking at what could impact Wesfarmers shares in the year ahead, CEO Rob Scott said last week, "Wesfarmers remains well positioned to deliver satisfactory returns to shareholders over the long term."
He added, "The group's largest divisions continued to perform well, with Bunnings and Kmart group's everyday low prices and market-leading offers driving sales and earnings growth."
The company revealed that the first eight weeks of FY 2026 saw stronger Bunnings' sales growth compared to the second half of FY 2025. Sales growth at Kmart and Office Works were reported to be broadly in line with H2 FY 2025.
