Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Myer Holdings Limited ( (AU:MYR) ) is now available.
Myer Holdings Limited reported a modest growth in total sales for FY25, reflecting a 0.5% increase on a pro forma basis and a 1.7% rise in the second half of the year. Despite positive sales momentum, profitability was challenged due to subdued consumer demand and increased promotional activities amidst tough macroeconomic conditions. The integration of Apparel Brands contributed to a diversified sales base, but also led to a significant non-cash impairment impacting statutory net profit. The company is actively executing its growth strategy, targeting synergies, and addressing operational challenges, with a focus on enhancing customer experience and expanding its loyalty program.
The most recent analyst rating on (AU:MYR) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.
More about Myer Holdings Limited
Myer Holdings Limited is a prominent player in the retail industry, primarily offering a diverse range of apparel and related products. The company focuses on building a diversified omni-channel retail presence, aiming to drive growth and deliver sustainable returns for its stakeholders.
YTD Price Performance: -46.12%
Average Trading Volume: 4,922,691
Technical Sentiment Signal: Sell
Current Market Cap: A$1.11B
See more insights into MYR stock on TipRanks’ Stock Analysis page.