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Myer Holdings Provides Q1 FY10 Sales Update
Thursday November 5, 2009, 10:17 am

Original Announcement: Myer Q1 FY10 Sales Update

Myer Holdings reported total sales revenue for the first quarter of FY10 to 24 October 2009 of $717.1m, up 5.2% compared to the same period last year. This follows growth in total sales revenue in the fourth quarter of FY09, to 25 July 2009 of 3.1% compared to the pcp. On a like-for-like basis sales growth for the first quarter FY10 was +2.9%. Incorporating the sales growth from the refurbished Sydney, Castle Hill and Geelong stores, like-for-like sales grew by 4.5%. The Company also confirmed that it is on track to achieve the prospectus pro forma forecast for growth in total sales revenue for FY10 of 3.0% and pro forma EBIT growth of 10.7%.

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