AU$0.052 (compared to AU$0.074 in fiscal year 2023)

Myer Holdings (ASX:MYR) Full Year 2024 Results

Key Financial Results

• Revenue: A$2.64 billion (down 4.2% compared to fiscal 2023).

• Net income: A$43.5 million (down 28% compared to fiscal 2023).

• Profit margin: 1.6% (down from 2.2% in fiscal year 2023). The margin decline was due to lower revenues.

• Earnings per share of AU$0.052 (down from AU$0.074 in FY2023).

All numbers shown in the chart above are for the last 12 months (TTM)

Myer Holdings Profit Insight

Revenues are forecast to grow at an average annual rate of 5.1% over the next three years, while the Australian general retail industry is forecast to grow at 4.6%.

Efficiency Australian general retail sector.

The company’s shares were up 2.4% from the previous week.

Risk analysis

The omnipresent specter of investment risk still needs to be taken into account. We have identified 1 warning sign with Myer Holdings, and understanding this should be part of your investment process.

Have an opinion on this article? Concerned about the content? Contact us with us directly. You can also email us at editorial-team (at) simplywallst.com.

This Simply Wall St article is for general information purposes only. Our commentary is based solely on historical data and analyst forecasts, and is based on an objective methodology. Our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or your financial situation. Our goal is to provide you with long-term, focused analysis based on fundamental data. Please note that our analysis may not reflect the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.