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Myer Holdings Limited ( (AU:MYR) ) has shared an update.
Myer Holdings Limited reported a 1.9% increase in total sales for the second half of the 2025 financial year, driven by strong online sales and a robust loyalty program. However, the company faced challenges due to increased costs, margin pressures, and issues at its new National Distribution Centre. To address these, Myer is implementing strategic changes, including a new logistics operation and leadership investments, as it transitions and integrates its operations for future growth.
The most recent analyst rating on (AU:MYR) stock is a Buy with a A$1.25 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 operates in the retail industry, primarily focusing on department stores and apparel brands, including Just Jeans, Jay Jays, Jacquie E, Portmans, and Dotti. The company is known for its diverse product categories and strong online presence, aiming to position itself as an omni-channel retail platform.
Average Trading Volume: 8,105,425
Technical Sentiment Signal: Buy
Current Market Cap: A$1.31B
Find detailed analytics on MYR stock on TipRanks’ Stock Analysis page.