Myer: AGM 2016

Myer held its annual general meeting today. And a jump in first quarter sales has caused some excitement.

At today’s annual general meeting, department store group Myer Holdings announced that same-store sales for the first quarter rose 3.9%. Improved sales results for the quarter should have been no great surprise because, in preparation for the introduction of new brands, the company conducted a ‘Spring Clean’ clearance sale in August.

Nevertheless, it is a mark of just how low investor expectations are that today’s middling news was greeted with a 5% jump in the Myer share price. This company is the antithesis of a market darling.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles