Brief: Myer Posts FY23 Total Sales Up 12.5% On FY22

Myer Holdings

08/08/2023 10:06

Aug 8 (Reuters) - Myer Holdings Ltd  MYR.AX :
    * FY23 TOTAL SALES UP 12.5% ON FY22
    * MYER HOLDINGS LTD SEES 2H23 NET PROFIT AFTER TAX OF
BETWEEN A$4
MILLION AND A$8 MILLION
    * MYER HOLDINGS SEES FY23 NPAT OF BETWEEN A$69 MILLION AND
A$73
MILLION
    * MYER HOLDINGS SEES FY23 POSITIVE EXPECTED NET CASH
POSITION OF
A$120 MILLION
    * MYER HOLDINGS SEES FY23 TOTAL GROUP INVENTORY EXPECTED TO
BE
FLAT TO SAME TIME LAST YEAR
    * INDIVIDUALLY SIGNIFICANT ITEMS AND IMPLEMENTATION COSTS
EXPECTED
TO BE RECORDED IN FY23
    * EXPECT ONGOING UNCERTAINTY AROUND MACROECONOMIC
ENVIRONMENT TO
PERSIST IN FY24

Source text for Eikon:  ID:nASX1Hm2TL 
Further company coverage:  MYR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))