MYER

For Christmas lovers and loathers alike, we’ve got something for everyone in store at Myer...even the cheeky humbugs. Share the joy this Christmas > https://bit.ly/46Ysy3d #SharetheJoy #MyerChristmas

Give your clothes a second home ?? We’ve teamed up with Salvos Stores to give your pre-loved clothing new life through resale or recycling. Our Donation Stations are now open in most Myer stores—so bring in your items with your next visit, drop them in-store, and we’ll do the rest! #MyerMyStore #salvosstores #salvos #changefortomorrow

25 years of the beloved Myer Charity Bear ???? Last week we were honoured to celebrate this milestone by attending the grand Cranlana Estate hosted by Lady Southey AC, together with Myer Community Fund charity partner The Salvation Army Australia. As part of the event, the Myer Charity Bear initiative was recognised with an award to commemorate the impact it provides in supporting others. This year our charity bear's name is Chester, and with every purchase you are helping support children who are doing it tough, with 5% of his sale price donated to The Salvation Army. Pick up your very own today > https://bit.ly/4hbq9rt

Myer announced its Full Year 2024 results with Executive Chair, Olivia Wirth, saying: “Despite the tougher trading conditions, work undertaken by the Myer team in recent years has helped stabilise the business and established a foundation for future growth. With a highly engaged customer base, a leading loyalty program, positive comparable department store sales growth and high levels of trust in the Myer brand, there are significant opportunities for growth. We are laser-focused on improving our profitability, performance and shareholder returns. We have commenced a comprehensive strategic review to increase Myer’s profitability and drive sustainable earnings growth. Our objective is to identify opportunities to deliver a step-change in Myer’s market position and generate strategic and financial benefits.” Myer Holdings Limited (ASX:MYR) today announced its financial results (post-AASB16) for the 52 weeks ending 27 July 2024 (FY24)*. ?Total Sales down 2.9% to $3,266.1 million (reflecting closure of Brisbane, Frankston and Werribee stores for all or part of the year as well as challenging macroeconomic conditions); comparable Group sales up 0.4%. ?Operating gross profit (OGP) reduced 2.5% to $1,194.4 million; margin rate increased by 15 basis points (bps) to 36.6%. Excluding a reclassification adjustment of delivery income*, underlying margin rate declined 12bps reflecting sales mix changes. ?Cost of Doing Business* (CODB) was $834.7 million, an increase of 1.3%, but was broadly flat if the delivery income reclassification is excluded, reflecting the focus on mitigating cost increases, including the favourable impact on CODB of the store closures. ?Net Profit after tax* (NPAT) of $52.6 million, reflecting impact of store closures, challenging trading conditions, inflationary cost pressures and underperformance of sass & bide, Marcs and David Lawrence. ?Statutory NPAT of $43.5 million includes Implementation Costs and Individually Significant Items of $9.1 million from impairment of store assets including Right of Use lease assets, taxation adjustments related to prior periods, and certain Software as a Service (SaaS) implementation costs that cannot be capitalised. ?Operating cashflow of $250.4 million was $8.0 million favourable to pcp, with net cash at period end of $113.8 million. Inventory was well controlled, down $2.8 million on pcp. ?Net Capital Expenditure of $69.4 million (versus $74.5 million in FY23). Key capex projects include three refurbished stores, a new Point of Sale System and the new National Distribution Centre which has encountered delays in ramping up, increased implementation costs and complexity that are currently being addressed. To read the ASX release on the FY24 results, click here > https://bit.ly/3XuTfcl *Refer to the footnotes in the ASX release for further information on these items.

Today is Alannah & Madeline Day ?? To support their incredible work helping children and young people affected by violence and trauma to recover, heal, and thrive, today the Myer Community Fund will match donations to the Alannah & Madeline Foundation, up to $150,000. That’s double the love, double the Buddy Bags and twice as many children supported. Each Buddy Bag is packed with love for a child who has been removed from a violent home. It gives a child essentials – like new, clean pyjamas, clothes, toys, books and a teddy. It helps them feel loved and cared for, sometimes for the first time in their lives. Click here to donate > https://bit.ly/3TsWVtS

Happy Wear it Purple Day! ?? Wear it Purple strives to foster empowering and inclusive environments for rainbow young people. This year's theme, YOUR PASSION, YOUR PRIDE, encourages LGBTQIA+ youth to dream big and share their passion and pride. In celebration of rainbow youth within our Myer family and beyond, we asked our Team Members to unite and wear it purple. We stand with the LGBTQIA+ community and strive to create a supportive and safe environment for all. To learn more about this year's theme, click here > https://bit.ly/3SkOSPe

Last week we celebrated our 17th annual Myer Precious Metal Gala, and we’re overjoyed to share that this year’s Gala raised over $1.3 million! ?? Thanks to the incredible generosity of everyone involved, these funds will directly benefit the Alannah & Madeline Foundation and our Myer Community Fund charity partners. We’re beyond grateful for all the support, from those who attended the Gala to the many generous donors and our incredible volunteers. You made it a night to remember! Want to learn more or donate? Click here > https://bit.ly/3yNmkaB

THANK YOU! Your generous donations during our July Register Round Up Campaign totalled a whopping $63,000. That $63,000 goes to supporting children and young people in foster care with guidance and support from trained volunteer mentors, known as ‘Pyjama Angels’, who nurture learning, confidence, and life skills with the goal of helping them reach their full potential. To learn more about The Pyjama Foundation > https://bit.ly/4dwEXya

It's National Pyjama Day! ?? Myer is getting cosy for a cause, partnering with The Pyjama Foundation to support little kids with big dreams. Our team members have hopped into their PJs to raise money for children in care, but we're not stopping there! Here's how we're contributing: - Donating $1 from every sleepwear item sold today - Donating $5 from every Pyjama Foundation x Myer PJ Set sold - Additional fundraising efforts in our Support Office - Register round up campaign All proceeds will support The Love of Learning program and the 'Pyjama Angels' volunteers who give foster children a chance to reach their full potential. These amazing volunteers provide learning skills and educational resources that can change lives. Thank you to our team members for joining in on the fun and embracing the spirit of the day. We’re especially grateful to Brigit and Ivy from The Pyjama Foundation for visiting us in our Support Office and all that their organisation does to help children in need. Join us in making a difference! Shop, sleep, and support little dreamers. Together, we can provide children in care with the learning, life skills, and confidence they need to thrive.

We were so pleased to have Matty Mills, presenter and Proud Indigenous & LGBTIQA+ Advocate visit us in Myer Support Office as part of NAIDOC Week. This year's theme 'Keep The Fire Burning! Blak, Loud and Proud', celebrates Indigenous identities, and the community's spirit, strength and resilience. It invites us to listen, learn, engage and amplify the voices of First Nations people. Thank you Matty for joining us, and sharing your experience fighting for continual growth and change to ensure First Nations people are positively represented. To learn more about NAIDOC Week > https://bit.ly/2IBqGS8