Australian department store owner Myer hits over 1-1/2-year low on annual earnings drop

Myer Holdings

23/09/2025 01:46

** Shares of retailer Myer Holdings MYR.AX tumble as much as 19.5%% to A$0.515, their lowest point since early December 2023

** Co posts FY25 net profit after tax of A$36.8 million ($24.27 million), down 30% YoY

** Reports FY25 total sales A$3,673.8 million, up 12.5% YoY

** Does not declare final FY25 dividend vs A$0.05/share last year

** However, reports positive trading momentum across initial seven weeks of 1H26, registering 3.1% total sales increase vs PcP on pro forma basis

** Stock last down ~18%, takes YTD losses to 56.4%

($1 = 1.5161 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))