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Why Did Myer’s Shares Plunge Despite Meeting Earnings Expectations?

2:32pm on Tuesday 30th of September, 2025 AEST Retail
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Why Did Myer’s Shares Plunge Despite Meeting Earnings Expectations?

2:32pm on Tuesday 30th of September, 2025 AEST
Key Points
  • FY2025 underlying NPAT 9% below median analyst forecasts
  • No prior earnings guidance published for FY2025
  • Significant $213.3 million goodwill impairment in Myer Apparel Brands
  • Share price fell from $0.64 to $0.45 post-results release
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