Australian department store chain Myer Holdings posted FY26 total sales of A$4.08bn ($2.85bn), up 11.3% on an actual basis, even as the second half (H2) was affected by “macroeconomic conditions and trading volatility”.
For the 12 months ended 25 July 2026, pro forma total sales increased 0.3%
The company said this was driven by growth in home, womenswear and kids, together with Just Jeans, Marketplace and concession sales, and was partly offset by reduced sales in beauty and Portmans, its fashion and workwear retail brand. Group comparable sales rose 0.7%. Myer Retail recorded total sales growth of 0.7%, with comparable sales up 1.0%.
Myer apparel brands reported a 1.3% decline in pro forma total sales, while comparable sales fell 0.3%. Operating gross profit is expected to be in the range of A$1.601bn to A$1.607bn. This represents an increase of about 13.8% to 14.3% on an actual basis and a decline of 2.1% to 2.5% on a pro forma basis.