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Despite a slow start to FY24, with sales in the first six weeks falling 1.9 per cent year on year, Myer CEO John King spoke positively about the department store’s strong growth since the pandemic, and its future expansion centred on omnichannel retail.
Myer has told investors that it expects a net profit of between $69 million and $73 million, lower than it previously predicted but still representing between 15 and 21 per cent growth compared to 2022.
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The Myer Holdings Ltd (ASX:MYR) share price is having a very strong session. Here's why its shares are rocketing higher today...
The department store chain posted its best profit since 2014, providing investors with a 4¢ dividend and a 4¢ special dividend that sent its shares surging.