Wesfarmers Confident On Back Of Good Q3 For Coles

Australian conglomerate Wesfarmers has unveiled positive results for the third quarter of its financial year ending June. The results make encouraging reading for a retailer that is still in the early stages of a five-year restructuring plan aimed at getting itself back in line with runaway grocery market leader Woolworths. However, BMI would urge caution; Woolworths continues to outperform Wesfarmers' supermarket subsidiary Coles, while much of the third quarter fillip can be attributed to general trading conditions rather than success specific to

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