FY26 Trading Update

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Stock Myer Holdings Ltd (MYR.ASX)
Release Time 27 Jul 2026, 8:39 a.m.
Price Sensitive Yes
 Myer Holdings Ltd FY26 Trading Update
Key Points
  • Total sales up 11.3% on an actual basis, 0.3% on a pro forma basis
  • Group comparable sales up 0.7%
  • Operating gross profit margin in the range of ~39.2% to 39.3%
  • Record loyalty engagement and tag rates achieved
  • Continued progress on strategic growth priorities and value creation
Full Summary

Myer Holdings Ltd provided a preliminary and unaudited trading update for FY26, reporting total sales of $4,089 million, up 11.3% on an actual basis and 0.3% on a pro forma basis. Group comparable sales increased by 0.7%. Myer Retail total sales rose by 0.7% while Myer Apparel Brands saw a 1.3% decline. Operating gross profit was in the range of ~$1,601 million to ~$1,607 million, with a margin of 39.2%-39.3%. The company achieved record loyalty engagement and tag rates, launched new brands, and progressed on strategic growth priorities and value creation.

Guidance

Total sales $4,089 million, OGP margin 39.2%-39.3%, FY26

Outlook

Myer Holdings Ltd remains cautious on the near-term consumer outlook but is confident in its strategic actions to strengthen the Group's competitive position.