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How Will Myer Overcome $211 Million Goodwill Hit Amid Apparel Expansion?
8:45am on Tuesday 23rd of September, 2025 AEST
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Retail
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How Will Myer Overcome $211 Million Goodwill Hit Amid Apparel Expansion?
8:45am on Tuesday 23rd of September, 2025 AEST
Key Points
Revenue up 13.8% to $3.0 billion driven by Apparel Brands acquisition
Statutory net loss of $211.2 million due to $213.3 million goodwill impairment
Operating profit before significant items down 30% to $36.8 million
No final dividend declared; special dividend of 2.5 cents per share paid
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