Myer Holdings revenues stay stable in FY'13

Myer Holdings announced its full year results for fiscal year 2012-13. 

 

Myer Holdings announced its full year results for fiscal year 2012-13. Total sales up 0.8% to $3,145 million, up 0.4% on a comparable store #

FY2013 Financial Highlights 

Sales 

- Total sales up 0.8% to $3,145 million, up 0.4% on a comparable store sales basis 

- Myer Exclusive Brands sales up $40 million to 20.0% of sales, Concessions up $18 million to 15.4% of sales 

 

Myer Holdings announced its full year results for fiscal year 2012-13. Total sales up 0.8% to $3,145 million, up 0.4% on a comparable store #

Operating gross profit 

- Operating gross profit up 1.8% to $1,312 million 

- Operating gross profit margin up 40 basis points (bps) to 41.7% 

 

Myer Holdings announced its full year results for fiscal year 2012-13. Total sales up 0.8% to $3,145 million, up 0.4% on a comparable store #

Earnings 

- Cost of doing business increased by 3.1% to $1,007 million 

- Earnings before interest, tax, depreciation, amortisation (EBITDA) down 2.3% to $305 million 

- Earnings before interest and tax (EBIT) down 6.6% to $215 million 

- Net profit after tax (NPAT) (after non-controlling interest) down 8.7% to $127 million 

- NPAT excluding the sass & bide put option revaluation down 5.1% to $129 million 

- Operating cash flow up 11.4% to $300 million 

- Final dividend of 8 cents per share, fully franked, to be paid on 14 November 2013 

 

Myer Holdings announced its full year results for fiscal year 2012-13. Total sales up 0.8% to $3,145 million, up 0.4% on a comparable store #

Myer Chief Executive Officer, Bernie Brookes, said the business continued to make good progress in 2013. A strong focus on driving both gross margins and sales with continued targeted promotional activity delivered a pleasing operating result in the face of significant cost pressures. 

 

Myer Holdings announced its full year results for fiscal year 2012-13. Total sales up 0.8% to $3,145 million, up 0.4% on a comparable store #

“We have continued to execute our five-point plan over the last year whilst having an eye to the future and adapting the business to capitalise on the changing structure of retail,” said Mr Brookes. 

 

Myer Holdings announced its full year results for fiscal year 2012-13. Total sales up 0.8% to $3,145 million, up 0.4% on a comparable store #

“We are pleased to have achieved positive sales growth of 0.8 percent for the full year despite sales momentum slowing in the second half, particularly in May and June,” he said.

 

Myer Holdings announced its full year results for fiscal year 2012-13. Total sales up 0.8% to $3,145 million, up 0.4% on a comparable store #