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Myer Holdings Limited ( (AU:MYR) ) has provided an announcement.
Myer Holdings Limited has reported a slight increase in total sales from ordinary activities, rising by 0.1% to $1,830.9 million for the 26 weeks ending January 25, 2025. Despite this increase in sales, the company experienced a significant decrease in profit, with net profit after tax before transaction and strategic review costs, impairments, and other significant items falling by 39.7% to $30.4 million. The results reflect ongoing challenges in the retail sector, impacting Myer’s financial performance and potentially affecting shareholder returns.
More about Myer Holdings Limited
YTD Price Performance: -37.97%
Average Trading Volume: 1,348
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €756.6M
See more insights into MYR stock on TipRanks’ Stock Analysis page.
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