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Myer Holdings Limited (ASX:MYR)

ALERT: Price-sensitive ASX Announcement for MYR
Current share price for MYR : $0.210 -0.08 (-27.59%)+
Announcement
Release
24 Mar 2026 8:22AM
Price at Release
$0.290
Full Release
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Summary
Myer Holdings Limited reported its half-year results for the first half of 2026, showing a 24.5% increase in total sales compared to the previous year, primarily due to the inclusion of Myer Apparel Brands. The operating gross profit also increased by 35.1%, despite challenges in lower margin categories and promotional activities. Online sales grew by 5.8%, while the MYER one loyalty program reached a record tag rate of 80.9%. Strategic investments led to a higher cost of doing business, yet the company maintained a net cash position of $287 million. Notable financials include a statutory NPAT of $40.3 million, representing a 32.8% increase, and a fully franked interim dividend of 1.5 cents per share.
Key Points
  • 24.5% increase in total sales
  • 35.1% increase in operating gross profit
  • 5.8% growth in online sales
  • Record MYER one tag rate of 80.9%
  • Increased cost of doing business due to strategic investments
  • Net cash position of $287 million
  • Statutory NPAT of $40.3 million, up 32.8%
  • Interim dividend of 1.5 cents per share, fully franked
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.