Bunnings’ profit margins are not excessive when compared to international peers, analysts say, while the hardware giant’s managing director says its contribution as a successful business creating jobs in the local community should be valued.
US giants such as Home Depot and Lowe’s generated higher earnings before interest and tax margins at 14.1 per cent and 12.4 per cent, respectively, last year, compared with Bunnings at 11.9 per cent, according to Jefferies analyst Michael Simotas.
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