Myer 1Q sales climb 5.2%
November 4, 2009
Myer Holdings Limited (MYR) reported sales revenue for the quarter to the 24th of October of $717.1 million, up 5.2% from the 2008 quarter. Like-for-like sales grew at 4.5%, including the company’s refurbished stores.
Shares in Myer were up 4c to $3.88 at 1043 AEDT, though still down 5.3% from the offer price for the shares, which listed Monday.
CEO Bernie Brookes said that consumer sentiment heading into the busy Christmas period was stronger than last year.
“The business is in good shape as we approach the important Christmas trading period,” Mr Brookes said.
”By this Christmas all stores will have undergone our Visual Merchandising Refresh program (Project Batman) with the exception of Canberra, which will be fully refurbished in calendar 2010,” Mr Brookes added.
Shares in Myer were up 4c to $3.88 at 1043 AEDT, though still down 5.3% from the offer price for the shares, which listed Monday.
CEO Bernie Brookes said that consumer sentiment heading into the busy Christmas period was stronger than last year.
“The business is in good shape as we approach the important Christmas trading period,” Mr Brookes said.
”By this Christmas all stores will have undergone our Visual Merchandising Refresh program (Project Batman) with the exception of Canberra, which will be fully refurbished in calendar 2010,” Mr Brookes added.
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