Myer Holdings Limited (ASX: MYR) reported a resilient preliminary FY26 trading update, with total sales reaching AU$4.09 billion, reflecting an 11.3% increase on an actual basis. On a like-for-like basis, sales rose modestly, supported by solid demand across Home, Womenswear, Kids, Just Jeans, Marketplace, and Concession businesses, while softer trading in Beauty and Portmans moderated overall performance. Operating gross profit is expected to be between AU$1.60 billion and AU$1.61 billion, with disciplined cost management helping keep operating expenses broadly in line with company targets despite a weaker sales environment.
During the second half of FY26, the retailer faced a difficult operating backdrop as persistent inflation, higher fuel prices, rising interest rates, slower household income growth, and subdued consumer confidence weighed on discretionary spending. Nevertheless, Myer continued advancing its strategic priorities by expanding its loyalty ecosystem to a record 5.3 million active members, introducing new global brands, enhancing its digital marketplace, optimizing its store portfolio, and delivering further integration and efficiency benefits. While management expects consumer conditions to remain challenging in the near term, it believes these strategic initiatives have strengthened the group's competitive position and long-term growth prospects.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Myer Group Delivers Solid FY26 Sales Growth Despite Challenging Retail Environment
Myer Holdings Limited (ASX: MYR) reported a resilient preliminary FY26 trading update, with total sales reaching AU$4.09 billion, reflecting an 11.3% increase on an actual basis. On a like-for-like basis, sales rose modestly, supported by solid demand across Home, Womenswear, Kids, Just Jeans, Marketplace, and Concession businesses, while softer trading in Beauty and Portmans moderated overall performance. Operating gross profit is expected to be between AU$1.60 billion and AU$1.61 billion, with disciplined cost management helping keep operating expenses broadly in line with company targets despite a weaker sales environment.
During the second half of FY26, the retailer faced a difficult operating backdrop as persistent inflation, higher fuel prices, rising interest rates, slower household income growth, and subdued consumer confidence weighed on discretionary spending. Nevertheless, Myer continued advancing its strategic priorities by expanding its loyalty ecosystem to a record 5.3 million active members, introducing new global brands, enhancing its digital marketplace, optimizing its store portfolio, and delivering further integration and efficiency benefits. While management expects consumer conditions to remain challenging in the near term, it believes these strategic initiatives have strengthened the group's competitive position and long-term growth prospects.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au