Australian Stock Report - Share Tips
Myer 3Q FY12 Sales Of $651.1 million
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Publish date: Wed, 23 May 2012, 07:12 PM
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Myer Holdings operates department stores, which relisted on the Australian Stock Exchange late 2009.
The Company retails womens wear; mens wear; youth fashion; childrens wear; intimate apparel; beauty, fragrance and cosmetics; housewares; electrical goods; toys; fashion accessories; and general merchandise.
Myer 3Q FY12 Sales Of $651.1 million
Myer reported 3Q FY12 sales of $651.1 million, down 0.9% compared to the same quarter in the prior year.
The group said that on a like-for-like basis, sales were down 2.1% compared to last year.
CEO Bernine Brooks said that "the result was solid considering the very difficult trading environment in April, which has continued in the first few weeks of the fourth quarter."
The group also lowered its FY12 NPAT guidance to be no worse than 15% below FY11's profit. It had previous said it would be no worse 10% below the FY11 results.
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