MYR 0.56% 88.5¢ myer holdings limited

unfairly undervalued vs peers, page-14

  1. 176 Posts.
    lightbulb Created with Sketch. 1
    Pretty poor sales result.

    Only 0.4% increase in LFL sales, compared to 2.1% the previous quarter.

    Given past management commentary that internet sales have been growing strongly (and so would represent a large component of increased sales), the actual physical store sales have probably gone backwards over the year, despite the investments in staff and infrastructure.

 
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