Myer Holdings Ltd
MYR: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|#s%VMKR | LOCK|Pq | LOCK|Q^Phf!W |
Myer: Department Stores Benefiting From Rebound in Retailing Spending
Myer is holding onto the uplift in sales momentum seen early in fiscal 2026. In the first 19 weeks, pro forma group sales are up 3% on last year. This compares with 2% pro forma sales growth in the second half of fiscal 2025. Homewares and womenswear are driving growth. Shares jumped 10%.
