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An update from Myer Holdings Limited ( (AU:MYR) ) is now available.
Myer Holdings Limited reported a strong interim performance for the 26 weeks ended 24 January 2026, with total sales rising 28.2% to $1.88 billion and profit attributable to shareholders climbing 32.8% to $40.3 million. Net profit after tax before significant items increased 21.7% to $51.7 million, indicating improved underlying profitability and operational momentum.
The retailer reinstated an interim dividend of 1.5 cents per share, fully franked, signalling confidence in cash generation and balance sheet strength after a prior period of no final dividend. Net tangible assets per share improved from negative $0.20 to negative $0.03, reflecting a strengthening financial position despite lease-related accounting impacts, and the reviewed interim report underscores greater stability for investors following recent restructuring and strategic review costs.
The most recent analyst rating on (AU:MYR) stock is a Sell with a A$0.28 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 an Australian department store retailer operating a national network of stores and an online platform. The company focuses on a broad range of consumer products including apparel, cosmetics, homewares, and general merchandise, targeting mainstream shoppers across urban and regional markets.
YTD Price Performance: -40.0%
Average Trading Volume: 7,052,954
Technical Sentiment Signal: Sell
Current Market Cap: A$492.4M
See more insights into MYR stock on TipRanks’ Stock Analysis page.