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Myer Holdings (MYR) investor relations material
Myer Holdings AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Meeting commenced with a welcome and outlined agenda including the Executive Chair's address and formal business items.
Financial performance review
FY25 total sales reached $4,076m, with operating gross profit at $1,642m and underlying EBIT at $174m.
NPAT was $22m, excluding a $213.3m non-cash impairment related to the Apparel Brands transaction.
Net cash position stood at $168m, and a dividend of 2.5cps was declared.
For the first 19 weeks of 1H26, group sales rose 3.0% year-on-year, with Myer Retail up 3.4% and Apparel Brands up 1.3%.
Online sales showed high single-digit growth, with record Black Friday performance in Homewares and Womenswear.
Strategic initiatives and plans
Growth strategy centers on a data-powered retail platform, customer loyalty, and omni-channel experience.
MYER one loyalty program relaunched, app launched, and active members increased to 4.9 million.
Expanded loyalty partnerships and introduced new brands in Beauty, Womenswear, and Menswear.
Transitioning marketplace platform to Mirakl and planning a major beauty hall renewal at Sydney City store.
Third-party logistics arrangements operating well, with ongoing proof of concept for long-term NDC solution.
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