Fund managers including Endeavor Asset Management, Oracle Advisory Group, BKI Investment Company, Tyndall Asset Management, Pendal Group, Yarra Capital Management, Infinity Asset Management, Plato Investment Management, Perpetual Asset Management, Atlas Funds Management, Perennial Partners, Solaris Investment Management, Equity Trustees Asset Management, Ten Cap, Allan Gray, Sage Capital, First Sentier Investors, Centennial Asset Management, Antares Capital, Vinva Investment Management, Vertium Asset Management, Investors Mutual Limited, Wilson Asset Management, Blackwattle Investment Partners and Ralton Asset Management have invested in Wesfarmers Ltd (ASX:WES).

Blackwattle and Perpetual highlight strong management and the quality of Bunnings and Kmart, with Bunnings continually expanding into new categories and the latest result demonstrating resilience relative to other retailers.

Pendal notes slowing sales growth in the second half of FY26 and weaker cash flow due to higher retail and chemicals inventories. Solaris cites a more challenging outlook, including potentially softer Bunnings growth, mixed early FY27 trading and higher investment spending, and Blackwattle noted weak early trading after JB Hi-Fi's soft outlook.

Wesfarmers Ltd., founded in 1914 and headquartered in Perth, is a diversified conglomerate. Its primary business segments include Bunnings (home improvement), Kmart Group (Kmart, Target, and Catch retail), and WesCEF (chemicals, energy, and fertilisers). The company also operates Officeworks (office products), Industrial and Safety (MRO products, workwear, and gases), and Health (pharmaceuticals and beauty). Additional activities are categorized under Other, encompassing food retailing, property, investment, and digital services. Wesfarmers provides fresh food, groceries, general merchandise, liquor, fuel, and financial services to residential, commercial, and industrial markets across Australia and internationally.