Australia's Myer Holdings eyes worst week since March 2020 on FY loss

Myer Holdings

26/09/2025 06:12

** Myer Holdings MYR.AX slides 27.1% so far this week; set for worst week since March 2020

** Department store chain posted FY25 statutory NPAT of A$211.2 mln ($138.2 mln) on Tuesday vs year-ago profit of A$43.5 mln

** Co attributed loss to impairment charges incurred in acquisition of apparel business

** Stock fell 25% on Tuesday; has lost 3.1% since

** MYR last up 1.7%, takes YTD losses to 61.2%

($1 = A$1.5288)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))