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Q1 Sales -- AFR article

  1. ferrisb
    146 Posts.
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    16/11/18
    08:47
    Post #: 36527029
    Myer has stopped providing quarterly sales updates, but the AFR has published numbers:

    "Here are Your Store's actual live numbers: 1Q19 group sales are down 5.5 per cent year-on-year, and down 8.9 per cent against Q1 of fiscal 2017"

    https://www.copyright link/brand/rear-window/leaked-docs-myer-sales-continue-their-collapse-20181115-h17y1l

    Interesting thing to publish. Anyone know where these numbers came from?

    EDIT: To perhaps answer my own question, I did see this at the bottom of the article "Well, these catastrophic numbers are reported monthly to the company's lending syndicate".

    Maybe leaked from one of the company's lenders?
    Last edited by ferrisb: 16/11/18
    MYR Price at posting: 45.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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