Myer Group FY25: Sales up, profitability impacted

Myer Group, in its first period as a combined entity with Apparel Brands, has reported its financial results for fiscal year 2025. The company achieved a 0.5 percent growth in total sales to 3,673.8 million Australian dollars for the year on a pro forma basis, with a 1.7 percent growth in the second half. Profitability was impacted by soft macroeconomic conditions, which led to subdued consumer demand and increased promotional activity.