By Digifin Pty Ltd · About this coverage
Key Points
- Total sales $4,088.8m, up 0.7% comparable and 11.3% actual
- Underlying NPAT $42.5m; statutory NPAT loss $276.5m after $279.6m impairment
- Underlying EBIT $139.4m, down 7.0% actual and 23.5% pro forma
- Net cash $100m at 25 July 2026; undrawn facilities $200m at 22 September
- No final dividend; 1H27 first eight weeks comparable sales flat (+0.2%)
About Myer (ASX:MYR)
Myer Holdings Limited is an ASX-listed department store and apparel retailer headquartered in Melbourne. It operates Myer department stores and Myer Apparel Brands specialty fashion chains across Australia, selling apparel, beauty, homewares and other merchandise through stores and online channels.
Myer Holdings Limited (ASX:MYR) has reported financial results for the 52 weeks ended 25 July 2026, with total sales of $4,088.8 million and a statutory net loss after tax of $276.5 million after a one-off non-cash post-tax impairment of $279.6 million.
Total sales of $4,088.8 million were up 0.7% on a comparable basis and 11.3% on an actual basis. Pro forma total sales were up 0.3%. Operating gross profit was $1,603.2 million, up 14.0% on an actual basis and 1.6% lower on a pro forma basis, with OGP margin of 39.2% of total sales. Cost of doing business was $1,189.7 million, with CODB percentage in line with the FY26 target of ~29% of total sales. Underlying EBIT was $139.4 million, 7.0% lower on an actual basis and 23.5% lower on a pro forma basis. Underlying NPAT was $42.5 million, 2.9% lower on an actual basis and 32.1% lower on a pro forma basis. Net cash was $100 million as at 25 July 2026, and undrawn debt facilities were $200 million as at 22 September 2026. No final dividend was declared. A fully franked interim dividend of 1.5 cents per share was paid in May 2026. For the first eight weeks of 1H27, Myer Group comparable sales were flat (+0.2%) and actual sales were 2.7% lower.
The release does not provide full FY27 earnings guidance beyond targeting FY27 CODB at ~29% of total sales.
Source: Myer Holdings Limited (ASX:MYR), 23 September 2026. Summary content supplied by Digifin Pty Ltd.
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