Myer Profit Down Nearly 30%
Myer Profit Down Nearly 30%
The retailer attributed the weaker result to sales of around $3.266 billion, down 2.9%, primarily due to the closure of Myer stores in Brisbane city and Frankston in Melbourne.Department store retailer Myer (ASX:MYR) has warned it will report a significant fall in profit for the year to July 31.
百货业股零售商Myer (ASX:MYR)警告称，其截至7月31日的年度利润将大幅下降。
The retailer told the ASX in an update on Thursday that net profit after tax will be down close to 30%, despite only a small dip in sales to around $3.2 billion for the 12 months.
该零售商在周四的更新中告诉澳交所，尽管销售额仅下降至约32亿澳元，但税后净利润将下降近30%。
Myer said it expected net profit after tax for the 2023-24 year to come in between $50 million and $54 million, down 28% from the $71.1 million reported for 2022-23.
Myer表示，预计2023-24年度税后净利润将在5000万至5400万澳元之间，较2022-23年度报告的7110万澳元下降28%。
The retailer attributed the weaker result to sales of around $3.266 billion, down 2.9%, primarily due to the closure of Myer stores in Brisbane city and Frankston in Melbourne.
该零售商归因于销售额约为32.66亿澳元，下降2.9%，主要是由于布里斯班市和墨尔本Frankston的Myer商店关闭所致。
Despite this, Myer reported that second-half sales performed well in the tough trading conditions, growing 0.8% on a comparable store basis compared to a year ago. Full-year sales also grew 0.4% from 2022-23.
尽管如此，Myer表示在艰难的交易环境中，下半年销售表现良好，同店销售增长了0.8%，比去年同期增长。全年销售额也较2022-23年增长0.4%。
However, the lower profit reflects the challenging consumer and trading environment, inflationary cost pressures, and the underperformance of three Myer Specialty Brands (sass & bide, Marcs, and David Lawrence) due to weak trading conditions and additional discounting.
然而，低利润反映出消费者和交易环境严峻，通货膨胀成本压力以及三个Myer特别品牌(sass & bide、Marcs和David Lawrence)表现欠佳，主要是由于交易环境疲软和额外折扣。
Myer stated that the underperformance of these brands is expected to account for approximately half of the year-on-year decline in net profit after tax (i.e., around $10 to $12 million).
Myer表示，这些品牌的表现欠佳预计将占税后净利润同比下降的大约一半(即约1000万至1200万澳元)。
The retailer also dismissed concerns about overstocks, stating that total group inventory is expected to remain consistent due to tight inventory management and a focus on newness.
该零售商还否认了对过多库存的担忧，表示由于紧密的库存管理和关注新品，总集团库存预计将保持一致。
Additionally, Myer confirmed that the previously announced strategic review and exploration of a potential combination with Premier Investments' Apparel Brands is ongoing, with an update expected in October.
此外，Myer证实了此前宣布的战略审查和与Premier Investments的服装品牌合并探讨正在进行中，预计于10月份发布更新。
Executive chair, Olivia Wirth, said in the release that the chain had a solid second half, demonstrating resilience in the face of a difficult trading environment for Myer and the wider retail sector. She emphasized the impact of the Brisbane CBD store closure and the underperformance of the sass & bide, Marcs, and David Lawrence brands.
执行主席Olivia Wirth在声明中表示，Myer在艰难的交易环境下展现出强大的韧性，并有一个坚实的下半年。她强调布里斯班CBD商店的关闭和sass & bide、Marcs和David Lawrence品牌的表现疲软对业绩的影响。