Australia's Myer Holdings hits near six-year low on bleak outlook
27/07/2026 01:36
BUZZ-Australia's Myer Holdings hits near six-year low on bleak outlook ** Shares of Australia's Myer Holdings MYR.AX fall as much as 12% to A$0.220, hitting their lowest level since October 29, 2020
** Stock logs its highest intraday pct loss since March 12
** Clothing retailer says its second half of 2026 "has been characterised by a volatile and significantly more challenging" environment than first-half or 2025
** Adds, the first four months' performance was mixed
** MYR reports preliminary FY total sales of A$4.09 billion ($2.86 billion), up 11.3% on an actual basis
** Stock down over 50% this year, including the day's move
($1 = 1.4288 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
Recent news on Myer Holdings
See all newsAustralia's Myer Holdings rises on growth in annual total sales
Brief: Myer Logs First 8 Weeks 1H27 Group Comparable Sales Flat, Actual Sales -2.7%
Brief: Myer Holdings Appoints Solomon Lew As Non-Executive Director
Australia's Myer drops 12% as retailer flags sharp slowdown in consumer demand (updated)
Brief: Myer Holdings Ltd Logs FY Gross Profit AUD 1,601 Million