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Wesfarmers and Metcash continue to show resilience

In this economic environment, it's hard to look past consistent and dependable, non-discretionary businesses. Wesfarmers & Metcash are two such companies that have impressed this earnings season.

Wesfarmers reported a revenue increase of 10.5%, reflecting strong sales growth in Bunnings, Kmart, Officeworks and Catch. NPAT was also up 8.2% to $2,1 million.

While independent retailer group, Metcash, increased its revenue 2% to $13 billion and recorded an underlying EBIT of $324m for FY20.

With extensive ranges of household brands continuing to service the Australian public, there is a lot to like about these two market leaders.

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